“New Math on Reverse Mortgages”

Financial advisors are now promoting more and more the value of a reverse mortgage. When applying for a reverse mortgage, keep in mind that you have two strategies: a line of credit or taking a lump sum. Advisors are increasingly seeing the line of credit as an option due to the fact that it could be used in several ways as the needs arise. A lump sum is also a popular choice but should be carefully considered as to relieve debt and not create more. For more information on the math behind the reverse mortgages, visit this publication.