NY Times: Using a Reverse Mortgage to Stretch Retirement Savings
August 11, 2015
Reverse Mortgage Daily - There are several ways retirees, or even pre-retirees, can
extend their savings when working longer is not an option. And one of these strategies
includes using a reverse mortgage in retirement planning, suggests The New York Times.
"Opening a credit line while interest rates are low, even if you don't need the money
now, can result in a larger credit line now than when rates are higher," said John
Salter, an associate professor of personal financial planning at Texas Tech University,
in the NY Times article.
Read the story here.