The fastest growing segment of divorces by age are senior citizens. And splitting up the finances at a date when it could affect the ability to retire is a big concern. Since reverse mortgages are open to 62 year old and older homeowners with equity, it's possible to factor a reverse mortgage as part of the plan for a divorcing senior who wants to stay in the home while allowing the equity to be paid out to the other party.
In this episode, specially requested by Modern Divorce listeners, Billie Tarascio talks with Sun Mortgage's Rex Duffin, whose 30 years in the business help shed some light on what can be done to tap that much-needed equity.
