How the Turbulent Nature of the Stock Market Could Impact Reverse Mortgages
The stock market has had one of the most turbulent couple of weeks in its history. While it has impacted businesses throughout the economy, it is also impacting the reverse mortgage sector.
"After years of steady growth, the stock market took a significant tumble last week, and the choppy seas could have many older homeowners re-evaluating their retirement plans," reported Reverse Mortgage Daily.
"If anything, using stock market woes to promote the reverse mortgage as an alternative retirement solution could have a negative effect on the product in the long term."
Despite these concerns, some experts that reverse mortgages were a good fit for some clients before the dip in the stock market, thus, it is still a viable option with the market in the current state that it is in.
To learn more about the possible effects of the stock market limbo for reverse mortgages, click own the image above.
