Answers | 1
Answered by James Barath, CMPS, Certified Mortgage Planner in Crown Point, IN
August 17, 2016
Not sure what you mean by reliable Daniel. What can be said is that a HECM (aka reverse mortgage) is not a good fit for all seniors; however, for the ones who are house-rich and cash-poor, a reverse mortgage can have a positive, lifestyle impact on their finances.
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