Archive for November, 2014

Why a Reverse Mortgage is Useful in Our Current Economic Environment

November 14th, 2014 No Comments

In September 2011 the President announced a plan to slash the federal deficit by more than $3 Trillion. The plan calls for $1.5 Trillion in new taxes as well as $320 Billion in cuts to Medicare and Medicaid. If our deficit grows, additional cuts could be coming to Medicare and other social programs. A Reverse Mortgage could provide income to offset the possible short falls in these government programs.