Reverse Mortgages are getting tougher!

Reverse Mortgages are getting tougher!

I do not sell Reverse Mortgages, but I think they are a good option for some people in order to keep their home. But I never recommend them for people unless they have no other option as Home Equity may be needed for other expenses at a latter date.

With the drop in interest rates and home values the Reverse Mortgage is not the great option it was a few years ago.

Now, per this article in the On-Line Wall Street Journal, other restrictions will be placed on Reverse Mortgages starti