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Not Everyone is the Best Candidate for a Reverse Mortgage Loan

Is taking out a reverse mortgage loan a bad idea? That depends on who you ask.

According to Wade Pfau, PhD, CFA, RICP, a professor at the American College for Financial Services and founder of RetirementResearcher.com, “Reverse mortgages are not inherently a bad idea, though they are often misunderstood and not used in a most beneficial way.”