Why reverse mortgages are worth a look

Cypress Partners, Ria, Founding Partner, and Pete Woodring •
Kiplinger

Until recently, the subject of reverse mortgages rarely ever came up in my consultations with clients. When it was discussed, it was the client who brought it up. I’d easily dismiss the idea of a reverse mortgage because it was an expensive form of borrowing and posed unnecessary risk when there were other sources of

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Reverse mortgages continue to evolve

Editor, Rachel L. Sheedy, and Kiplinger's Retirement Report •
Kiplinger

With almost all new reverse mortgage loans backed by the federal government, Uncle Sam continues to wield his power to overhaul the Home Equity Conversion Mortgage, or HECM, program. The goal is to reduce a surprisingly high default rate on the loans–about 10%, far above the default rate on regular home mortgages. The government hopes

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