Years ago, people got in trouble for taking advantage of the elderly by abusing reverse mortgages. Today the reverse mortgage still carries around a lot of that stigma, but that ends now! With interest rates still solidly in the 7% range, a reverse mortgage can be a tremendous benefit to any homeowner aged 62 or older who would describe themselves as house rich and cash poor. Don’t run from the reverse mortgage thinking it’s the same product that hurt your grandparents. Host Joe Cucchiara explains why you should treat the reverse mortgage as just another alternative financing option to increase your cashflow.

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