Older Americans Need Reverse Mortgages

Given that older Americans’s homes are worth, on average, more than their other combined savings, there is a begrudging inevitability about reverse mortgages. As more people enter retirement in the coming decades with modest savings and no private pension, they’re going to need some of that home equity back during their increasingly long lives. Therefore, older Americans need reverse mortgages to supplement their income. – The New York Times, September 2014

If you are over 62 and need to supplement your income, call Steve today!

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