A reverse mortgage can be a valuable part of a personal financial strategy for some retirees — if they understand how it works. To help educate U.S. News & World Report readers on reverse mortgages, Taylor Johnson offered Bruce Bufe, senior vice president of residential lending for TJ client Draper and Kramer Mortgage Corp., as an expert on the topic. Bufe’s insights ranged from how much equity people should have in their home to considering whether they prefer to receive funds from a reverse mortgage as a lump sum, line of credit or monthly payment. For more from Bufe and DKMC, read the full article here.

Bruce Bufe, senior vice president of residential lending, Draper and Kramer Mortgage Corp.