TITLE

Reverse Mortgages: A Troubled Past, a Promising Future?

AUTHOR(S)
Supper, William J.; Cocozza, Christopher R.
PUB. DATE
January 2006
SOURCE
Journal of Financial Planning;Jan2006, Vol. 19 Issue 1, p36
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article deals with the influence of a reserve mortgage on the financial flexibility for clients. The essay basically assesses the advantages and disadvantages of reserve mortgages. Thus, the analysis focuses on the Federal Housing Authority-sponsored home-equity conversion mortgage program in the U.S. In this regard, the analysis argues that the home equity line of credit could affect the trends in reserve mortgages. In addition, it also states that one of the disadvantages of reverse mortgage is the high financing cost.
ACCESSION #
19424112

 

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