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In Reverse Mortgage News
Fact Sheet on Reverse Mortgages
Until recently, there were two main ways to get cash from your home:
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you could sell your home, but then you would have to move; or
- you could borrow against your home, but then you would have to make monthly loan repayments.
Now reverse mortgages give you a third way of getting money from your home. And you don't have to leave your home or make regular loan repayments. Click here for more information.
Scam Alert: Reverse Mortgage Seduction
The timing of the green post card from National Data Research couldn’t be better. With its bold headline, “New Government Program for Seniors Over 62,” the unsolicited mailing offers some welcome promises in these tough economic times: the chance to pay off existing mortgages and credit card debt, make home repairs and renovations, even the ability to “enhance your lifestyle.” Click here for more information.