financial advisors: Financial Advisors Shaking off the Taboo of Reverse Mortgages
- 02/14/16 10:21 AM
It’s true, Reverse Mortgages have received the scorned looks of homeowners and financial folks alike for years. But with changes made in how they are presented, funded and regulated, they are slowly making their way back into the good graces of financial advisors. In fact, several studies are now showing the use of reverse mortgages in a positive light to help with supplementing retirement income.
Although the cost of getting a reverse mortgage is higher than those associated with a conventional mortgage, all the income from a reverse mortgage is tax free. Income from other financial products will vary however in the … (0 comments)
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Kevin A. Guttman-Author, ReverseMortgageSpecialist
It’s true, Reverse Mortgages have received the scorned looks of homeowners and financial folks alike for years. But with changes made in how they are presented, funded and regulated, they are slowly making their way back into the good graces of financial advisors. In fact, several studies are now showing the use of reverse mortgages in a positive light to help with supplementing retirement income.
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