MetLife: New, Younger Borrowers Need Reverse Mortgages

A new MetLife study shows that reverse mortgage borrowers are taking out the loans earlier in life, and the average age may decline even further due to the financial stresses of the last four years. Furthermore, this new group of borrowers is using reverse mortgages to pay down household debt instead of to improve lifestyles, as was the case previously. However, because of home depreciation, an increasing number of seniors are finding that they are unable to qualify. | Read More