The Secretary of the Department of Housing and Urban Development (HUD), Julian Castro, recently stated that the Home Equity Conversion Mortgage (HECM) can provide a boost in retirement for aging Americans in certain situations. According to Castro, "While the loan doesn't fit for everyone, it can be a good option for those in the right circumstances trying to make it through retirement." Zillow's Chief Economist, Stan Humphries, also added that a reverse mortgage can help older Americans age in place. This was all part to an audience question during a fireside chat on January 21, 2015. Read more here.
No comments:
Post a Comment