loan of last resort

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Bell Addresses Reverse Mortgages As Last Resort

Aug 11, 2011By

Responding to an article in the Napa Valley Register that portrayed reverse mortgages as a loan of last result, NRMLA President Peter Bell wrote an OpEd column calling the concept a "outmoded perspective that needs re-evaluation."   Bell points to the importance for seniors to look beyond traditional methods of financing retirement and explore all available options to meet their financial needs.  This is especially important, he notes, during the current environment of a protracted recession. The full text of his response follows: When to use reverse mortgages Source:  Napa Valley Register A July 24 Napa Valley Register column,

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

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