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MAR 26, 2013 - TheStreet

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Reverse Mortgages Look Good Even If You Don't Need One

NEW YORK (TheStreet) -- Is this a good time to get a reverse mortgage? Yes -- even if you don't need one. That's the recommendation from Jack M. Guttentag, an emeritus finance professor at The Wharton School at the University of Pennsylvania. On his website, The Mortgage Professor, he says homeowners old enough to have a reverse mortgage -- 62 or older -- should think about getting a reverse mortgage credit line now even if they won't use the money for years. Reason: Today's low interest rates make reverse mortgages something of a bargain, allowing you to borrow more if you lock in before ... Read More

Tags: Reverse Mortgages Look Good Even If You Don't Need One,  Interest Rates Latest News