Reverse Mortgages Look Better

In yesterday’s Wall Street Journal, Amy Hoak notes that upfront fees on reverse mortgages have fallen substantially in recent months.  In an unusually well written and well informed piece, she describes the fee reductions and how they may help more borrowers to stay in their home.  She also discusses some reasons that more people are seeking a reverse mortgage as well as a cautionary note that they may not be for everyone, which is certainly a true and fair statement to make.  In scanning previous posts on this blog, it should be apparent that I have been disgusted by most of the usually ignorant media coverage on this subject, but Ms Hoak has done a decent job here.  Thanks!