Reverse mortgages: How the new rules affect you
Retirees worried about income, thanks to lower interest rates, have a new way to dip into the equity in their property. We outline what's available. From Monday, more retirees will have a new way to tap into the equity in their homes, providing regular cash payments at much cheaper borrowing rate than traditional reverse mortgages. The expanded government-backed opportunity for increasing household cash flows arrives as record low and falling interest rates are forcing retire