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Reverse mortgage makeover: Baby boomer edition

As reported on Yahoo this morning....Changes in 2014 to federal reverse mortgage regulations have shifted this senior safety net away from its traditional role as a loan of last resort to keep the elderly in their homes. Reverse mortgages now serve as a financial planning tool for the waves of middle-class baby boomers facing retirement.

See below for the full Yahoo article - Reverse Mortgage Makeover Baby Boomer Edition.  

http://finance.yahoo.com/news/reverse-mortgage-makeover-baby-boomer-100000475.html


George H. Omilan

President-CEO

NMLS# 873983

Jefferson Mortgage Group LLC - Your local Reverse Mortgage Specialists located in Fairfax County and helping seniors in all of Virginia, Maryland, DC and Pennsylvania.

Contact us today for a free, no obligation quote.  703 319-2198.  

What do you think of the changes?  Feel free to comment - I'd love to hear your thoughts.

 

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