Are you 62 years old or older?
Is reverse mortgages right for you?
See article bellow with a great information on reverse mortgage types and helpful phone numbers to call to get more information.
Below is another link with detailed breakdown on:
- Application Process
- HECM For Purchase
- Eligibility Requirements
- Reverse Mortgage Rates
- Myths of Reverse Mortgages
- What Is a Reverse Mortgage?
- Reverse Mortgage Pros and Cons
- How Does a Reverse Mortgage Work?
- Reverse Mortgage Lenders
And below is totally different opinion on reverse mortgage. A well written article from 2012 but still worth reading since it is applicable:
And of course this always is a good idea to seek legal advice.
You also may want to appraise your house first so you know where market stands for you.
Call or email Nana Smith
C.R.E.A. – comment using this form; what is your opinion on reverse mortgages, or simply share your experience: