In the latest in a series of reverse mortgage coverage, the Huffington Post this week published an article originally sourced by NowItCounts.com. The area of focus: 10 reasons to use a reverse mortgage.
Among them are several of the reasons loan officers today focus on in their work with prospective borrowers: eliminating an existing mortgage payment, repairing a home, or simply providing a plan B in the event of an unforeseen expense.
But also on the list are some less-often noted uses such as helping to manage disability costs, starting a small business or helping family members who need it.
Whether you agree with the uses or not, visit the Huffington Post to check out the full list.
Written by Elizabeth Ecker