Reverse Mortgage

There are numerous misconceptions about reverse mortgages, largely in part since the reverse mortgage has evolved and improved drastically over the last 40 years from its inception. Today generally a reverse mortgage functions very similar to other residential mortgages. The key difference is the interest payment accrues. Tap the pin for a summary of these misconceptions, specifically, as it relates to what is referred to as the Home Equity Conversion Mortgage (HECM).

This NRMLA graphic debunks 5 common misconceptions about reverse mortgages.

Dave Ramsey and Suze Orman advise against reverse mortgages. It's time to see if they are telling the truth or if a reverse mortgage can be a good thing.

Pros and Cons of doing a HECM Reverse Mortgage. Heritage NMLS #1497455 Trevor’s NMLS #: 267962

While the topic of reverse mortgages can be a bit complex, it's easier to grasp than one would expect. Come with us as we explain how a reverse mortgage works, answer common questions about them, and discuss the reverse home mortgage pros and cons. Click on our blog to learn more.

Before considering a reverse mortgage, it's crucial to carefully weigh the pros and cons, consider alternatives, and seek advice from financial professionals to determine if it's the right financial option for your specific situation. Reverse mortgages can provide financial relief for some seniors but may not be suitable for everyone. Visit us! #loan #finance #money #mortgage #mortgage

What Is a Reverse Mortgage, and Is It a Good Idea? All those ads make a reverse mortgage sound like an amazing idea. But what is a reverse mortgage? And is it all that great? Learn more before it's too late. #mortgage #reversemortgage

Reverse Mortgage- Wise Investment or Stupid Decision?

Trying to fund retirement can be a tricky business. From pensions and social security to investments and post-retirement employment, sifting through these endless options can often seem like a complex game of chance. In addition

The truth about reverse mortgage loans – and, yes, they are loans – is much more complicated. Use extreme caution when considering a reverse mortgage. It comes with a devastating downside: Losing your home and wiping out your nest egg. 5 Reasons to Say NO to a Reverse Mortgage