For the first time, borrowers will have to prove they can handle the ongoing property costs to qualify for a reverse mortgage. Homeowners applying for a reverse mortgage will soon have to clear a new hurdle. In the spring, all borrowers will have to prove that they can handle the ongoing costs of the loan. […]
Reverse Mortgage
Putting Your Home to Work When You Retire
You finally made it into retirement. But the living isn’t always easy for new retirees. Money may be tight due to the stormy economy, the money you do have must stretch further longer due to longer life expectancies, and health care costs are rising. It is difficult to calculate how long your portfolio will last given […]