Is the Home Equity Conversion Mortgage for Purchase (H4P) the game changer it promises to be, or just another potential pitfall? Historically, reverse mortgages have had a bad reputation due to a lack of regulation and unfavorable terms. However, the landscape has changed significantly. So, what exactly is H4P? What are its advantages for retirees? Phil and Marc are here to answer your questions and share the pros and cons of this tool in today’s episode.   Here’s some of what we discuss in this episode: 0:00 – Intro 0:36 – What is the H4P and its benefits? 5:56 – Reverse mortgages with rising housing prices 7:26 – Is this a viable retirement strategy?   A Loan Product Poised to Revolutionize Retirement Article https://www.nar.realtor/magazine/real-estate-news/sales-marketing/a-loan-product-poised-to-revolutionize-retirement   For more, visit us online: http://philstaxhacks.com   Watch the video podcast on YouTube: Phil's Tax Hacks and Other Retirement Facts