Tag Archives: reverse mortgages

Why Aren’t Reverse Mortgages More Popular?

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 […]

Record Home Equity For Senior Homeowners And Reverse Mortgages

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 […]