Reverse mortgages have begun to gain more positive attention as new laws make the option more attractive to both borrowers and loan officers. In the past, there were some concerns, but now that new laws protect the borrower, the option has become safer, and ultimately, more appealing. Reverse mortgages have ensured that many older Americans can stay in their homes by tapping into their home equity, and it’s overall popularity is rising. Many experts are now promoting reverse mortgages to older individuals as a way to escape financial hardship. More here
