Reverse mortgages are most useful for elders who:

Question

Quizplus · Accepted Answer

Reverse mortgages are most useful for elders who have high equity and a low mortgage, as this increases their borrowing ability and can provide them with additional income in retirement. Elders with a lot of remaining mortgage debt may not be eligible for reverse mortgages, and those planning to move soon to a long-term care facility may not benefit from the long-term investment of a reverse mortgage.

Reverse Mortgages Are Most Useful for Elders Who