NBC Today: Reverse Mortgage Discussion

NewImage.jpgDuring NBC Today’s Money 911 segment on Wednesday, reverse mortgages were one of the topics discussed.

A reader asks:

My best friends are in their 70s and they have very little savings and their social security is less than their expenses.  They don’t want to sell their home and are considering a reverse mortgage.

So how does Ms. Chatzky respond?  Check out the clip below or watch it here.

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