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May 4, 2009
5 questions to ask before considering a reverse mortgage
1. Do you really need a reverse mortgage? Why are you interested in these loans? What would you do with the money you would get from one? Are the needs you intend to meet really worth the high total cost of these loans? If you want to take a dream vacation, a reverse mortgage is a very expensive way to pay for it. Investing the money from these loans is an especially bad idea, because the loan [...]
May 1, 2009
Reverse mortgages: Look before you leap
As seniors see their 401K savings shrink and the value of their homes plummet, the prospect of taking out a reverse mortgage seems like an option that’s almost too good to be true.
