General Advice Regarding Reverse Mortgages

It is a difficult task to find advice regarding mortgages that is not promotional or contrarian that also makes sense. The following piece is one you should consider with your reverse mortgage information gathering process.

DEAR BRUCE: I wish you would give us a general talk about reverse mortgages. I am not sure I trust the advice I receive from someone who is selling them. Are there special criteria that set candidates apart? — M.T, via e-mail

DEAR M.T.: A reverse mortgage is a useful tool for some people. In essence, it is simply borrowing against the equity you have built up in your home and receiving payments on a monthly or quarterly basis… Read More by Bruce Williams

Written by charles dennis on June 11th, 2007 with comments disabled.
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