As seen on FORBES.com
by Jamie Hopkins, Retirement Income Professor at The American College:
“Reverse Mortgages Can Be A Retiree’s Saving Grace.”
With 30 million+ members of the baby boomer generation moving into retirement….the FHA-insured Home Equity Conversion Mortgage (HECM) — the FHA-insured revamped version of the former reverse mortgage — supports strategies to help retirement-age homeowners ‘age in place’ in a familiar setting where convenience and long-term relationships contribute to a preferable quality of life.