Summary: Are you considering taking out a reverse mortgage to plan your finances for your retirement? There have been a few changes in the rules you need to know about. Reverse mortgage has always been considered as an excellent financial planning tool by many home owners who are above 62 years of age. In fact, this is why many reverse mortgage lenders have started getting in touch with prospects directly through reverse mortgage live transfer leads . However, the rules that govern reverse mortgages keep changing every now and then. So considering all such changes, is reverse mortgage still as viable as a financial planning tool, as it was earlier? You can answer these questions if you understand the most recent rule changes. In the light of the recent HECM rules it is getting tougher to open a reverse mortgage before it is needed. The increased initial mortgage insurance premium has raised the up-front costs and the smaller ongoing mortgage insurance premium has delayed the gro...