Senior Home Equity Booms: Should You Get a Reverse Mortgage?

Homeowners who are 62 or older are sitting on a record amount of home equity, according to new figures from the National Reverse Mortgage Lenders Association. From the first quarter of this year to the second quarter, housing wealth among those 62 and older grew by 1.8% — or $134 billion — and now totals $7.7 trillion. All of that locked-up wealth may tempt some seniors into considering a reverse…

Original Article Posted at : https://www.moneytalksnews.com/senior-home-equity-booms-should-you-get-a-reverse-mortgage/