Recent trends in the mortgage industry show a growing acceptance of reverse mortgages among financial advisors. Despite this positive development, one of the key challenges that continue to persist is the lack of borrower education in regards to reverse mortgages.
• Financial advisors are showing more openness towards reverse mortgages
• Lack of borrower education is a significant challenge in the industry
Experts in the field emphasize the importance of educating borrowers about the ins and outs of reverse mortgages to ensure they make informed decisions that align with their financial goals. Efforts to address this issue include providing more comprehensive resources and guidance for both financial advisors and borrowers to navigate the complexities of reverse mortgages more effectively.
• Educating borrowers is crucial for informed decision-making
• Providing resources and guidance to navigate complexities of reverse mortgages
You can read this full article at: https://www.housingwire.com/articles/are-reverse-mortgages-the-most-underutilized-retirement-tool/(subscription required)
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