Joe sits down with Dr. Steven Sass from the Center for Retirement Research at Boston College to discuss the pros and cons of using a reverse mortgage.
Download Dr. Steven Sass’ booklet on reverse mortgages, “Using Your House for Income in Retirement”
0:55 “Reverse mortgage is where you can access a chunk of the equity you have in your home”
1:20 “A lot of households are going to be hitting retirement and they’re going to be surprised with how little they have to maintain their standard of living”
2:00 “Who do you think are the best candidates [for a reverse mortgage] and why?”
2:27 “You’re also required for a reverse mortgage to have an approved council”
