A consumer's guide to navigating the complex and often confusing world of reverse mortgages. Reverse mortgages can be a great financial option for those older homeowners who have lots of accumulated home equity and want a convenient way to supplement their income. But these loan products are also a challenge to explain or understand, even for people who have plenty of mortgage finance experience.
Reverse mortgages are complex, often confusing financial products. If you or an elderly relative are even considering one, it's important to know all of the risks and pitfalls beforehand. With that in mind, they’ve created this list of reverse mortgage facts to help you understand what can really happen if you take out one of these loans. The site helps consumers separate fact from fiction and provides the necessary information to make an educated decision on reverse mortgage solutions.
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Information Assumed Accurate On: Jul 16, 2013
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