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3 Ways to Get Out of a Reverse Mortgage Loan

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Margaret has sent the following question in the ask ARLO! blog I have a reverse mortgage and I'm having problems with it. Was it legal for me to get a reverse mortgage without my own lawyer to explain the situation to me? I never knew the pros and cons of a reverse mortgage. I think it's a legal way to Swindle...
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What is the Downside of Getting a Reverse Mortgage?

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A reverse mortgage is a loan, and as with any type of loan there are benefits and there can be downsides. What is the downside to reverse mortgages?  A reverse mortgage is a loan, and as with any type of loan there are benefits and there can be downsides. Here, we will address some of the pros and cons associated...
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Considering a Reverse Mortgage? Avoid These 3 Common Mistakes

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Reverse mortgage can be valuable retirement tools, but they need to be used responsibly. Like many other financial products, the effectiveness of reverse mortgages is only as good as the judgement of the borrowers who use them. For homeowners age 62 and older, a reverse mortgage can provide an additional source of cash flow to supplement retirement savings....
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3 Reverse Mortgage Problems & Common Myths Expelled

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Reverse mortgages are a financial product that have gotten a lot of bad press over the years, leaving many people who could potentially benefit from this type of loan with negative or problematic associations. What’s the real problem with the Reverse Mortgage? Is it really as bad as some media outlets would have you believe? The short answer is no, but don’t just...
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4 Reasons A Reverse Mortgage May Be a Bad Idea

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Can a Reverse Mortgage be a Bad Idea? 4 Reasons A Reverse Mortgage May Not Be Right For You... A reverse mortgage can be a very viable solution for the right homeowner—one who is primarily seeking a way to effectively age in place. Available to people who are age 62 or older and have built up a substantial...
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Is the Reverse Mortgage the Best Choice For You?

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Comment: my partner is 71, I am 75, We own our condo in CA  the balance on the mortgage is 52,000 and the approx value is 150,000-160,000.  is this program the best choice for us? Hi Rudy, You know, you used the magic words in there, "..the best thing for us".  We are of the opinion that reverse mortgages...
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