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

 

 

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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

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