“Reverse Mortgage: Types and Examples”

Reverse Mortgage: Types and Examples”, by Eric Reed, The Street

“There are two ways to look at a reverse mortgage. First: Only get a reverse mortgage if you absolutely have to. Doing so will encumber a home you should own outright, limiting your ability to move or pass the home on to your family. Second: A reverse mortgage lets you use your home as a semi-liquid investment property. For a fee you can access the cash value of your house without having to sell it, allowing you to both tap it as a financial resource and still live there. Here’s what you should know.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

When Medicaid has to stop exempting big home equities, RMs will pay for LTC and when that happens, consumers will awaken to the need for LTCI.