The Reverse Mortgage Is One of the Best Engineered Financial Tools of Our Generation According to Professor Emeritus Jack Guttentag of Wharton University
Reverse Mortgages or Home Equity Conversion Mortgages (HECM) have been in the media in recent years for all the wrong reasons. Instead of highlighting and generating awareness about the immense benefits senior people could get out of a reverse mortgage, the media focused on its minor negative aspects. The two specific cases talked about were widows of senior men who had taken out reverse mortgages and passed away. After the death of these men, their widows faced foreclosure because they...
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