We have long believed that as planners become more aware of the true cost of a reverse mortgage, and as planning uses of reverse mortgages are developed, the future of reverse mortgages may well be in the area of financial planning.
It looks like that day is about to arrive!
Those of us who attended the 2011 National Reverse Mortgage Association annual meeting in Boston the last week of October were given a sneak peek at a research study submitted to a journal to determine the fit of reverse mortgages in retirement distribution management. Those associated with the study include the renowned financial advisor Howard Evensky along with Dr John Salter of Texas Tech and Shaun Pfeiffer, a doctoral candidate at Texas Tech. The sneak peak was presented by Dr Salter.
More on the sneak peak next time.
John L Krajsa Jr, Esq., President, NMLS# 139056 is an attorney with a background in mortgage lending and estate planning. Mr. Krajsa has over 25 years of mortgage lending experience and has been working with FHA loans since 1996 and with FHA HECM reverse mortgage loans since 2002. Mr. Krajsa does not offer legal advice but will work with you and your advisors to help determine if a reverse mortgage is right for you. Find out more about AFC Reverse Mortgage and connect with John on Facebook.
