Your Home as a Retirement Fund: Reverse mortgages are finally catching on. But are they for you?

摘要

REVERSE MORTGAGES HAVE long been regarded with a skeptical eye. Critics say they're costly, complicated products, financial-planning tools of last resort. Lately, congressional hearings have raised concerns about predatory lending. And the reverse-mortgage market is attracting bad apples from the subprime market in pursuit of high commissions from sales of inappropriate investments bundled with reverse loans.