Home › Forums › Other › Baby Boomers and their assets › I definitely think reverse
I definitely think reverse mortgage will be big for boomers.
If they can get about 50% equity in a house, it will allow them to live payment free.
This is the only way I would use it, If it was owned outright I would not do this IMO.
Just make sure everyone who needs to be on the mortgage is on it. That seems to be the biggest issue that comes up.
