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Landing a Reverse Mortgage Just Got Tougher

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Mortgage Professional America | 14 Apr 2013, 07:26 PM Agree 0
Seniors looking for a big cash payout from a reverse mortgage will have to look elsewhere for needed funds.
  • William Matz | | 16 Apr 2013, 02:53 PM Agree 0
    Very short-sighted. When rates go up, the rising accrual of unpaid interest will likely lead to more losses with the variable rates. Of course, that might be offset by rising values. So we will see.
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