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.
George H. Omilan
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.