A group called the Rural Dynamics Inc. Consumer Credit Counseling Services based in Montana is trying to help residents of the state to become more economically independent in a wide variety of different ways. The group addresses the needs of all different types of people in the community. When considering the needs of seniors, the group realized the importance of the reverse mortgage to the senior community today and determined that it was important to offer reverse mortgage counseling classes as part of the program.
The group isn't a new group; it's been around for four decades. However, it has had to shift with the times to address the changing needs of the fluctuating economy and to provide options to people based on the choices that are available to them now. The reverse mortgage is something that people weren't looking at forty years ago but which is a really important part of the plan for economic independence for many post-retirement seniors today.
Question of the Day: Is the reverse mortgage loan a tool for gaining economic independence?
