Financial Planner Takes Aim at Reverse Mortgages, Industry Expert Responds – Reverse Mortgage Daily

financial planner takes aim at Reverse Mortgages, Industry Expert Responds – Reverse Mortgage Daily Reverse Mortgages Are Becoming a Financial Planning Tool. – Since then, other financial planning researchers have confirmed these positive findings. reverse mortgage lines of credit are slowly becoming a working tool for financial planning. One thing that contributes to the use of reverse mortgages is that the money borrowed is tax-free, since it is your home equity.

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The author is not trying to sell Reverse mortgages, just informing financial advisors about different uses of the product. This book should be required reading for all financial planners and Reverse mortgage originators. As a Reverse mortgage originator myself, I agree that the product is not right for every senior.

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He realizes that there are a few popular misconceptions and in some cases, confusion about Reverse Mortgages. According to Rick May, "There is a need to help a growing number of consumers in Northern California, who are considering whether a reverse mortgage is a good fit for their retirement needs.

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Reverse Mortgage Myths | The Truth about Reverse Mortgages | Part 1 Financial Planner Takes Aim at Reverse Mortgages, Industry Expert Responds – Reverse Mortgage Daily Historically, the conventional wisdom in financial planning circles viewed the use of reverse mortgages as a last resort (Sacks and Sacks 2012). The evolution of the reverse mortgage market led some notable financial planners and researchers to question the validity of the conventional wisdom.

Tetra Images/Getty Images. Thanks to 2014 changes in federal regulations on reverse mortgages, the loans now serve as a financial planning tool for the waves of middle-class baby boomers facing.

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