For millions of Americans a reverse mortgage can make all the difference in retirement. A reverse mortgage is a loan available to homeowners who are 62 years older which enables them to convert part of the equity in their home into cash. Is this a good option for you? We were recently joined by Bob Savery of iReverse Home Loans who explained the ins and outs of these innovative financial products. Bob dispels some of the myths, and clarifies important aspects of reverse mortgages in this The Engine interview.
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