First, what a reverse mortgage is NOT

• A reverse mortgage is not “a way for the bank to get your house”
• It is not a traditional home equity loan
• It is not based on income or credit levels
• It is not available to homeowners under the age of 62
• It is not free money
• It is not a cure-all
• It is not a decision to be taken lightly

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First, what a reverse mortgage is NOT

• A reverse mortgage is not “a way for the bank to get your house”
• It is not a traditional home equity loan
• It is not based on income or credit levels
• It is not available to homeowners under the age of 62
• It is not free money
• It is not a cure-all
• It is not a decision to be taken lightly

(more…)

Reverse mortgage rates are the same for all reverse mortgage lenders. The true cost of different reverse mortgage programs, however, vary based on the different program or product.

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Reverse mortgage rates are the same for all reverse mortgage lenders. The true cost of different reverse mortgage programs, however, vary based on the different program or product.

(more…)

By Jeffrey D. Voudrie, CFP

Reverse mortgages have been around since 1989, but they are rapidly gaining in popularity. The complexity of reverse mortgages makes it difficult for the average senior to separate myth from reality. Let me help you decide if one is right for you.

(more…)

By Jeffrey D. Voudrie, CFP

Reverse mortgages have been around since 1989, but they are rapidly gaining in popularity. The complexity of reverse mortgages makes it difficult for the average senior to separate myth from reality. Let me help you decide if one is right for you.

(more…)