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Mature Market Experts Gem of the Day: Are Baby Boomers Better Off Selling or Getting a Reverse Mortgage?

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Mature Market Experts: More news and stats you can use on boomers, seniors and the mature market – Are Baby Boomers Better Off Selling or Getting a Reverse Mortgage? AARP Magazine recently featured several articles about reverse mortgages and the aggressive, and sometimes misleading marketing of them to seniors. In addition to providing helpful guidelines when shopping for a reverse mortgage, one article cuts to the basic question. Before committing to a reverse mortgage, retired home owners should first weigh the pros and cons of selling versus aging in place. They may be surprised to find other alternatives, such as retirement communities, to be a more attractive alternative (to aging in place) in the long run. To read more click here. In addition, they may find alternative options of getting much needed capital like life settlements, a more attractive choice.

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