Tag: tapping home equity
Extensive education, easy application process, and a reasonable interest rate are the keys to success. I am a great fan of thinking about the house as a retirement asset and about ways that people can access the equity in their home to support themselves in retirement. The conventional approaches involve downsizing to a cheaper home,…
After decades of skepticism and reports of scandals, the tide appears to be turning on reverse mortgages. The New York Times Business section recently led with a story on the revival of the reverse mortgage. Even more significant, for the first time a commission examining the state of retirement in the United States emphasized t…
