CNN: Ask the Expert on Reverse Mortgages

NewImageMoney Magazine’s senior editor Walter Updegrave takes a readers question about reverse mortgages earlier this week.

The reader asks:

My wife and I are 62 and just starting to take Social Security. We’re thinking about taking out a reverse mortgage and using it as a line of credit. The extra money could come in handy. What do you think? — S.W., Red Oak, Texas

Usually the answer is pretty short, but Updegrave writes an essay as a response.  I’ve spoken to him a couple times and he always asks great questions, see his response at the link below.

Should I take out a reverse mortgage?


Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular Articles

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please