Recent studies show that divorces among couples who are over 50 years are on the rise in the US. One of the challenges that such couples face that younger couples don’t is how to split their assets such as a house in a way that secures their future financial stability. The reverse mortgage has proven to be a game-changer in this area because it allows such couples to split a house without making mortgage payments.
In this episode, I am joined by Mitchell Cooper, a Certified Reverse Mortgage Professional with Mutual of Omaha Mortgage. Today, Mitch is going to help us understand the concept of the reverse mortgage and the group that can benefit from it. He’ll also share with us its benefits and the impact that the rising interest rates are having on it.
Listen to this episode of On Life With Helen to learn about how a reverse mortgage can be used as an asset protection tool from Mitchell Cooper.
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