Reverse Mortgages Can Now Be a Useful Source of Cash for Retirement


Reverse mortgages have long been thought as a last resort source of cash for retirees. But the stigma is starting to lessen.

With new rules for these loans, experts have now endorsed them.

“There’s a totally different way of thinking about these now,” says John Salter, a professor of personal financial planning at Texas Tech University.

Image via Flickr/GotCredit

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