Tag: HELOC
A new study finds that debt burdens have grown for older workers and retirees in recent decades. But this isn’t the first research to reach that conclusion. What is new is whose debt burden is increasing the most: the people who score higher on simple memory and math tests. Across the three age groups t…
Bad news for retirees. The two biggest players in reverse mortgages exited the business. Bank of America (#2) quit in February and Wells Fargo (#1) in June. Reverse mortgages enable people 62 and over to tap their home equity. And despite the bursting of the housing bubble, the house is a crucial component of most…
