Dallas Morning News: ‘Standby’ Reverse Mortgages Stretch Retirement Savings

Reverse Mortgage Daily - When working longer may not be an option, and reducing spending becomes easier said than done, there are several ways retirees can stretch their savings—one of which can be using a reverse mortgage, says a recent article from The Dallas Morning News.

Citing John Salter, associate professor of personal financial planning at Texas Tech University, The Dallas Morning News states that opening a credit line while interest rates are low—even if the borrower does not need the money now—can result in a larger credit line now than when rates are higher.

Read the story here