Silver Tsunami: Making the Case for Reverse Mortgages

It might seem strange to bring up reverse mortgages in a space dedicated to the lives of baby boomers.

After all, reverse mortgages have a reputation as being products used primarily by seniors. Jeff Lewis, chairman of Generation Mortgage, a reverse mortgage-only business in Atlanta, says those utilizing the product are on average in their early 70s. (Reverse mortgages can actually be utilized by homeowners starting at the age of 62).

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Reverse Mortgages Can Be Beneficial, If You Know How to Use Them

As the country’s home-owning population ages and baby boomers hit their mid 60s, it is time to take another look at the once-popular mortgage product known as the reverse mortgage.

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