If you are among the first of the Baby Boomers to have a birthday this year, or if you are concerned about the well being of a loved one who has reached the age of 62, you undoubtedly are hearing of the reverse mortgage as an important option in financial planning for the retirement years. Reverse mortgages are fast becoming a major topic of conversation for financial planners, home health care professionals, and CPA's across the country. In the last ten years, reverse mortgages have grown into a multi-billion dollar industry, with senior homeowners taking out nearly 80,000 such loans during the last fiscal year. Moreover, boomers continue to balloon the size of the over 62 demographic set and will continue to do so until 2030 when ALL boomers will be 65 or older.
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