The reverse mortgage market will see significant growth as seniors are forced to look for cash flow alternatives as the recent declines in the stock market have devastated retirement savings, and lower interest rates have the negative impact of reducing interest income for seniors.

The reduction in costs and the increased loan limits for a reverse mortgage will create additional consumer demand as previous prospects reticent to make a decision because of the perception of high costs, and lower values are now willing to move forward with a reverse mortgage with the lower cost structure and higher net benefits created by the new loan limits.

Brett Carter
Next Generation Financial Services

This entry was posted on Friday, January 16th, 2009 at 10:47 am and is filed under Reverse Mortgage News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.