Reverse Mortgages

Everything You Need to Know About Reverse Mortgages

Everything You Need to Know About Reverse Mortgages

Many seniors have seen reverse mortgage TV ads by that handsome devil, Tom Selleck. Reverse mortgages allow you to access your home’s equity even while you continue to live in it. Then pay the money back when you move out, often from the proceeds of a home sale. Last year more than 30,000...

Reverse Mortgages: The Top 6 Myths

Reverse Mortgages: The Top 6 Myths

1. I would be selling my house to the bank FALSE     You keep the title to your house. The lender will add a lien on the property but you will still have complete control over it. 2. My heirs won't inherit anything FALSE     Your estate only owes the balance on the reverse...