Reverse mortgages represent a way for seniors to tap the equity in their homes, typically without having mortgage payments due each month! The loan is repaid to the lender when the borrower dies, sells the property or leaves the home permanently. The bank cannot seize the home and the borrower is not giving away title […]
Two articles caught my eye this week concerning reverse mortgages and the reasons why they may be an excellent tool for seniors looking to build a cash cushion for their golden years! Unfortunately and editorially while the product is excellent for the right borrowers, reverse mortgage advertising often leaves much to be desired. This fact doesn’t really help to […]
We’ve all seen the commercials starring actors like The Fonz (Henry Winkler) or Fred Thompson (actor and politician) that extoll the virtues of reverse mortgages for Americans over 62 who own a home and who need cash flow! The commercials address concerns that both the homeowner and potentially the homeowners children may have about this […]
