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WSJ: HECM Saver Better for People With Short Term Needs

NewImage.jpgAs part of the Wall Street Journals Encore Report or the newly titled “Next” section, the publication features a quick note about the new HECM Saver.

With lower upfront fees, the product is better for people with short-term needs, says Barbara Stucki, vice president of home-equity initiatives for the National Council on Aging, a Washington, D.C., advocacy group.

According to the WSJ, the new section is about finance, health, travel and lifestyles—have always sought to educate and inspire.  The Journal believes the name better conveys the overall mission: to help people dream about, plan for and enjoy the next phase of their lives.

Reverse mortgages also got a quick “shout out” in the Out of Work, Out of Options and Over the Hill from the WSJ.