WSFS Mortgage Archives

Reuters: Reverse mortgages can help caregivers avoid ‘raiding’ savings

As older people increasingly express their preference to age in place in their own homes, family members will oftentimes be required to provide some semblance of care for their loved ones in later life. Caregiving challenges can be compounded if there’s only one child in the family, but a reverse mortgage could offer a solution, [...]read more

WSFS president talks motivation for reverse mortgage survey, potential future action

April 10, 2024 mpsingh No Comments Real estate action, Baby Boomer, future, Mortgage, motivation, potential, president, Reverse, Survey, Talks, WSFS, WSFS Mortgage

Last month, Northeast regional lender WSFS Mortgage released the results of a survey that measured reverse mortgage product sentiments. It found that more people seem to be aware of the potential value that a reverse mortgage could provide for older homeowners, including as a tool to age in place and to provide greater cash flow [...]read moreWSFS president talks motivation for reverse mortgage survey, potential future action