The purpose of this blog is to inform those who visit about the many
options and uses of a reverse mortgage.
Mark Twain once said: "It ain't what you don't know that gets
you into trouble. It's what you know for sure that just ain't so."
The truth is that many people
who claim to understand Reverse Mortgages, have not taken the time to
be educated and, at times, speak extemporaneously. Many times what they say "ain't so."
I have heard “experts” from attorneys to
financial planners to politicians to compliance officers of big banks make statements about
reverse mortgages that were just not true. I have also heard loan officers and
mortgage originators down play some aspects of reverse mortgages just to get a
sale.
My hope is that with this blog I can clear up some of the common
misconceptions about reverse mortgages as well as help educate and give
insights into how a reverse mortgage can be a tremendous product. It is not always the right product but when it is seniors all across the country have utilized it to enhance their lives and stay in the home they love.
Reverse mortgage is a useful estate planning tool that banks and financial institutions ought to offer making available to seniors. It's a great security for them to ensure the delivery of their pensions in the amounts they thought forthcoming.
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