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Estate Planning
: North Carolina Estate Planning BlogReverse Mortgages - the Impact on Older Homeowners
By Greg Herman-Giddens
From a recent AARP report: reverse mortgages offer older homeowners a way to tap home equity to meet financial needs in retirement. However, the collapse of the mortgage market in 2008–2009 has led to major changes that impact consumer choices. While consumers have more product choices, reverse mortgages are generally more expensive and more complicated—leading to more scrutiny from Congress and regulatory agencies charged with protecting consumers.
Full post as published by North Carolina Estate Planning Blog on March 01, 2011 (boomark / email).
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