Is Reverse Mortgage for you?

Here’s AARP’s video on Reverse Mortgages.

The issue AARP points out here: Death of Reverse Mortgage holder leads to immediate payment due … so be careful how you structure who’s name the mortgage is in (possibly joint names may be best).

See my previous blog on Reverse Mortgages … these are not to be taken lightly and are not your traditional mortgages. Marketing has brought them to your attention. But, are they appropriate for you yet?

Source article website

 

 

About Larry Frank, Sr.

Larry R Frank Sr., MBA, CFP®, is an experienced financial advisor and a published author on Retirement Planning Research. Have a financial question? Click Here to Ask Larry

,

2 Responses to Is Reverse Mortgage for you?

  1. Larry Frank, Sr. August 16, 2014 at 8:26 am #

    Consumer Reports info about Reverse Mortgages and other credit may be found at http://defendyourdollars.org/topics/credit/mortgages

Trackbacks/Pingbacks

  1. Is this really mortgage magic? | Better Financial Education Blog - July 24, 2012

    […] More on Reverse Mortgages. […]

Leave a Reply

Are you human? Click the Banana...