ABC News Runs Reverse Mortgage Feature

ABC News Good Money ran a segment on reverse mortgages earlier this week. ABC’s Tanya Rivero  talks with Eric Tyson, author of personal finance for seniors for dummies and asks him loads of questions.

Specifically Tyson says a borrower needs to look at how many years they plan to remain in the home. ”If you end up not holding onto the reverse mortgage for many years, the effective interest rate can be quite high,” he said.