The Korea Times just reported that senior citizens in Korea will be able to tap reverse mortgage from as early as August, according to officials from the Korea Housing Finance Corp. and other government officials. Click below for the rest of the article
Will this really change anything here in the United States? Probably not but the more people that are educated the better right? Still the largest market for reverse mortgages are still Australia and the UK but we are seeing a large increase in volume here in the United States and I have been hearing that India is about to start offering the product as well.
Have a great weekend!