5 Ways Reverse Mortgages Can Serve as Retirement Planning Tool

Reverse Mortgage Daily - In today’s world, Americans face a looming retirement crisis — one that has been well-documented over the past several years and which has created a new purpose for the reverse mortgage.

"The ideas are endless on the different angles we can take on using the [reverse mortgage]," said Dr. John Salter, an associate professor of financial planning at Texas Tech University, who has educated financial planners on reverse mortgages for years. "There's nothing wrong with the product."

While the ways to use a reverse mortgage may be endless, Salter explained five strategies, in particular, for financial planners to keep in mind when clients are approaching retirement.

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