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How do I know if a reverse mortgage is a good idea for me? What ...


If you don't have much income, a reverse mortgage might not be the best option for ... makes more sense if you plan to live in your current home for a long time.

5 Reasons to Avoid a Reverse Mortgage | On Retirement | US News


Dec 11, 2012 ... It's a nice thought, but the truth about reverse mortgages is far from ideal. ... you have to be living most of the time in your primary residence.

Seniors: Why We Got A Reverse Mortgage | Bankrate.com


Every time we went to get groceries, we had to bring them up the 15 steps ... "We' re the perfect candidates for a reverse mortgage because there's no one for us ...

Reverse Mortgage Facts | NCOA


Reverse mortgages can be a useful financial tool for older homeowners to tap their ... It's never a good idea to make a financial decision under stress. ... to note that borrowers deplete their home equity as their loan balance grows over time.

The Hidden Truths About Reverse Mortgages - Forbes


Jul 23, 2012 ... The ads make them look so great. Vacations, living a great lifestyle, happy couples, smiling at their good fortune. Rewards are repeated again ...

Time to Get a Reverse Mortgage in 2016? -- The Motley Fool


Dec 21, 2015 ... A reverse mortgage can give you some much-needed cash, but make sure you ... it won't prevent them from getting a reverse mortgage, but a portion of the ... It can be a good way to get some extra money to cover expenses, ...

When a Reverse Mortgage Does—and Doesn't—Make Sense - Time


Dec 3, 2014 ... We're thinking of taking a reverse mortgage at retirement. How does this work, how much could we get, and is it even a good idea? —Larry ...

Your Reverse Mortgage Road Map : Advice for Children of Seniors


A reverse mortgages is a financial product that allows them to do just that. Whether or not a reverse mortgage is the right financial option for your parents is a ... either for a specified period of time or for as long as your parents live in the home.

FINALLY… Time Magazine Realizes New Reverse Mortgages May ...


Apr 4, 2016 ... Time Magazine Realizes New Reverse Mortgages May be a Good Idea .... word- for-word… like as if the same people had built all of them.

Reverse Mortgages | Consumer Information


But take your time: a reverse mortgage can be complicated and might not be right for you. ... qualifying for a reverse mortgage, getting the best deal for you, and how to ... are private loans that are backed by the companies that develop them.

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The 5 Best Reasons to Get a Reverse Mortgage Right Now


Jan 22, 2015 ... Well, here are the five best reasons to get a reverse mortgage right now. ... and opt to wait and take their Social Security benefits and let them grow. .... That's the worst time in your life to worry about how you're able to pay for it.

Why Retirees May Want to Take Another Look at Reverse Mortgages


Apr 27, 2016 ... “This would be a good time to lock in a reverse mortgage,” says Steve Sass, program director for the Financial Security Project at the Center for ...

Rethinking reverse mortgages: Bad move or bright idea? - CNBC.com


Apr 2, 2015 ... "Between the expenses and the limitations on them, we don't feel they solve the ... "Now is a particularly good time for [reverse mortgages], with ...