Recent program tweaks have cast reverse mortgages into mainstream spotlight, with the Huffington Post becoming the latest media outlet to weigh-in on the product changes.
Written by Jason Alderman, senior director for Visa, the HuffPost article discusses several key program changes, including the first-year 60% withdraw limit, mandatory obligations, payout options, financial assessment requirements and maximum loan amounts.
The article also informs HuffPost readers about how the reverse mortgage changes transpired, citing former issues caused by the previous fixed-rate, full draw options.
“Reverse mortgages have become increasingly popular in recent years, as cash-strapped seniors seek ways to keep pace with rising expenses—not to mention cope with the pummeling their retirement savings took during the Great Recession,” writes Alderman.
Written by Jason Oliva