The reverse mortgage HECM Saver product has very low upfront costs compared to other reverse mortgage options. Although not mentioned here in this article, the financial planning community is coming to understand its value and correct application thus advising their clients to consider this choice.
Liquidity Found in Reverse Mortgages: Times Union October 29th, 2012 Jason Olivia
Despite AARP’s recommendation to make paying off housing debt prior to retirement a top goal, more Americans are retiring still burdened by mortgage debt—and a reverse mortgage might provide some liquidity, says the Times Union.