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Can a reverse mortgage move you forward?

Published On: Aug 27 2013 08:48:09 AM EDT   Updated On: Aug 27 2013 11:22:09 AM EDT

Earlier this month, President Obama signed the Reverse Mortgage Stabilization Act into law, which will grant the Department of Housing and Urban Development the ability to move forward with reverse mortgage program reform.

But what is a reverse mortgage, and who can benefit from one?

We broke it all down for you on 69 News at Sunrise, thanks to the help of Douglas Ziegler, Reverse Mortgage Division Manager at Gateway Funding in Horsham.