Wednesday, October 18, 2017

Report Warns Retirees about Potential Downsides of Reverse Mortgages

Reverse mortgages have been around for years. But they're getting a new spin: Some senior homeowners are tapping into their home equity to “bridge the gap” until the time they're ready to apply for Social Security benefits. However, an independent consumer agency — the Consumer Financial Protection Bureau (CFPB) — is cautioning retirees against using this […]

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