Debt in retirement can be a crippling thing for seniors in America to overcome, and for many who feel like they are without many options to try and address that, home equity could naturally come into play as a potential solution. But not all instruments that allow the tapping of home equity are created equal, and a reverse mortgage could be the best such option.
As more American seniors find themselves economically impacted by the COVID-19 coronavirus pandemic, more of them may be looking at new financial options that they may not have considered before in order to make ends meet. One of these new potential options may be a reverse mortgage, and it’s in that spirit that Money.com has […]
Seattle-based ABC affiliate KOMO-TV featured a story on a recent newscast advising seniors to approach reverse mortgages with caution, soliciting the input of a member of the National Foundation for Credit Counseling (NFCC) who says that reverse mortgages should only be considered as a “last resort.” In its April 22 broadcast, KOMO News reporter Connie […]