Reverse Mortgages – Pros, Cons, and Myths

According to the National Reverse Lenders Association, more than 1,149,663 U.S. households had utilized an FHA-insured reverse mortgage by Feb. 2020. The equity value of senior homeowners (age 62 and older) exceeded $7.19 trillion in 2019. As the 74 million baby boomers enter retirement at a rate of 10,000 per day, the reverse mortgage marketplace […]