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Reverse Mortgage Blog

Category: myth versus fact

Busting Three Half-Truths About Reverse Mortgages

June 24, 2019

Jame Hopkins is the Director of Retirement Research at Carson Wealth and a Finance Professor of Practice at Creighton University Heider College of Business. He was also a professor at the American College of Financial Services where he helped co-create the Retirement Income Certified Professional Designation (RICP®).

In his Forbe article, Jamie discusses how he previously conducted and published research in the Journal of Financial Planning that showed Americans don’t understand reverse mortgages. He concludes that respondents scored below 50 percent on a 10-question true-false quiz. One possible explanation for the poor performance is a lot of misinformation floating about. A recent USA Today article titled “Considering reverse mortgages? Better to reverse course on this risky course” confirmed his belief. Jamie explains why the USA Today article contains many half-truths and misunderstandings and projects a negative connotation of reverse mortgages onto the reader.

Busting Three Half-Truths About Reverse Mortgages

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Mid America Mortgage, Inc.
We’re all flooded with stories, articles and 24x7 news so much that it’s becoming harder to quickly find relevant and well thought out content. So, I hope my Blog will accomplish that, and provide only high value reading and insight around the topic of reverse mortgages. Ultimately, it’s up to you to educate yourself on the topic and determine if a reverse mortgage is a good strategy for your financial retirement. Please enjoy the articles and I hope you learned something during your visit here. Cheers!
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We’re all flooded with stories, articles and 24x7 news so much that it’s becoming harder to quickly find relevant and well thought out content. So, I hope my Blog will accomplish that, and provid...
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