Thanks to rising interest rates, reverse mortgages are becoming more appealing to younger retirees. Although Americans are eligible to receive a reverse mortgage (also known as a Home Equity Conversion Mortgage, or HECM) at the age of 62, in the past, most waited until beyond that age to acquire a reverse mortgage. Recently, however, many financial advisers are advising retirees closer to 62 to take a reverse mortgage line of credit to help boost their nest egg.
To learn more, read the full article at the Wall Street Journal.
