Texas Tech University

NY Times: Using a Reverse Mortgage to Stretch Retirement Savings

Reverse Mortgage Daily

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.