Retirement Planning Education, with Andy Panko cover image

#042 - Everything you wanted to know about reverse mortgages, with Josh Blum (Part 1 of 2)

Retirement Planning Education, with Andy Panko

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Reverse Mortgage

There's nothing out there that I haven't seen lenders come out and say, you haven't maintained the house. It's a rule, but it's not something that they can in practice really enforce. 40% of people go into retirement with some sort of lean on their house today. That was never the case in the past. We've got this scenario where people now carry debt into retirement that they never carried in thePast. And about one out of six people are going to be carrying a mortgage obligation for at least eight plus years in retirement.

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