The Dangers of Reverse Mortgages
Reverse mortgages may seem like the answer to a senior citizen's prayers for a source of extra income. But there are risks attached, because the money from the reverse mortgage comes from actually withdrawing the equity in your home. Your mortgage gets...
Dec 5, 2012 ... Senior homeowners are being warned of the risks of reverse mortgages as the
U.S. says that 57000 are currently in danger of losing their ...
Feb 19, 2015 ... They can boost retirement income, but you need to know the drawbacks.
Nov 11, 2014 ... While reverse mortgages can be a useful retirement planning tool under the right
circumstances — helping you to boost retirement income, pay ...
Read the latest news on reverse mortgage ads, scams, risks, updated guides,
Home Lending rule changes and more written by our consumer reporters.
Jan 23, 2013 ... In many circumstances, a reverse mortgage can be a risk to your financial
security. Here are six dangers you should consider before signing on ...
En español | In one slick TV spot after another, reverse mortgages are touted ...
taxes, the reverse mortgage is deemed in default and the owner is in danger of ...
Jun 4, 2015 ... These advertisements may leave older homeowners with the false impression
that reverse mortgage loans are a risk-free solution to financial ...
Jun 6, 2013 ... Lenders are pushing reverse mortgages as a simple way for retirees to ... home
equity without the risk of a conventional mortgage or having to ...
Mar 9, 2011 ... Suze Orman says reverse mortgages can look enticing, but they can sink you
financially, if you're not careful.