Reverse Mortgage Opinion

Recently Featured in the Yuma Sun, home to many retirees in Arizona and the country overall, one reader gives their feedback on a recent article that the Sun wrote that was critical of reverse mortgages.

The many choices of information sources these days tends to confuse us more and more. It is no wonder that so many of us don’t believe or trust anyone. Choice is not always a benefit.

The recent article on reverse mortgages in The Sun is a case in point.

Several points made in the article are just plain false.

1. Reverse mortgages “are very complicated.” Not so. An RM is simply another kind of mortgage where you are able to use the equity out of your house to supply money in your retirement. The difference is that you don’t make payments on a reverse mortgage in your lifetime and the lender is paid for his investment after you are deceased. Full Story.

Written by charles dennis on March 28th, 2008 with comments disabled.
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