'Pros & Cons' Category Archives

💡 Reverse Mortgage Pros & Cons for Today’s Retirees. (Updated 2017)

March 26, 2017 by All Reverse Mortgage

I can almost hear it now... “This is an article written by a guy who does reverse mortgages, there probably won’t be any cons!” As passionate as we are about the reverse mortgage program, there are some drawbacks in some instances and we make certain that we point out the pros and cons to all reverse mortgage applicants. As...
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Considering a Reverse Mortgage? Avoid These 3 Mistakes

September 14, 2016 by All Reverse Mortgage

1 comment

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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Is a Reverse Mortgage Right for Me?… Let’s Weight the Pros and Cons

June 10, 2016 by All Reverse Mortgage

1 comment

Like many Americans in retirement, you may find yourself wondering about the best financial course to take and how to best use the money and assets you have worked to build over time. For many baby boomers, the home is the largest asset they have. You probably have built up your equity over the years and you may even own...
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4 Reasons A Reverse Mortgage May Be a Bad Idea

December 31, 2014 by All Reverse Mortgage

7 comments

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?

October 20, 2014 by All Reverse Mortgage

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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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In 2014 Reverse Mortgages Are No Longer a “Last Resort”

July 1, 2014 by All Reverse Mortgage

2 comments

I've been told to wait on taking a Reverse Mortgage as a last resort. Why do you think a CPA said that? Is it a loan that is non-reversible? Do you pay interest on the cash in a line of credit when it is spent all the to its end? If a house is paid off & money is tight,...
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Reverse Mortgages are NOT a “Last Resort”

August 29, 2013 by All Reverse Mortgage

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Historically, reverse mortgages were thought to be a solution only for people who found themselves “house rich” and “cash poor.” But today, the thinking has changed. Because a reverse mortgage allows the borrower to convert home equity into cash, either in the form of a lump sum payment, monthly installments or as a line of credit, the conventional thinking was...
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Should I Get a Reverse Mortgage or Sell?…Consider these Pros/Cons

July 12, 2013 by All Reverse Mortgage

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When facing the decision to take out a reverse mortgage or sell your home, there are a few factors to weigh. Each option has its own pros and cons and can vary depending on your particular situation. Sell?.... Perhaps the most important thing to consider...
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Reverse Mortgage Pros Cons Reexamined for 2013

July 3, 2013 by All Reverse Mortgage

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A reverse mortgage can help improve your financial situation if you are at least 62 years of age, have a substantial amount of home equity and are looking to improve cash flow in retirement. But this type of loan is not for everyone—like any long-term financial decision, it’s important to consider the pros and cons of reverse mortgages before...
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Reverse Mortgage Advantages; Why You Could Miss The Boat…

June 21, 2012 by All Reverse Mortgage

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From our reader: We have 2 homes, no mortgage. We do not need money at the present time. Could it be to our advantage to get reverse mortgage? Thank you for your help. The question as to whether or not it could be to your advantage depends entirely upon you. I would not advocate having borrowers incur costs...
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Newer Entries »

'Pros & Cons' Category Archives

💡 Reverse Mortgage Pros & Cons for Today’s Retirees. (Updated 2017)

Considering a Reverse Mortgage? Avoid These 3 Mistakes

Is a Reverse Mortgage Right for Me?… Let’s Weight the Pros and Cons

4 Reasons A Reverse Mortgage May Be a Bad Idea

Is the Reverse Mortgage the Best Choice For You?

In 2014 Reverse Mortgages Are No Longer a “Last Resort”

Reverse Mortgages are NOT a “Last Resort”

Should I Get a Reverse Mortgage or Sell?…Consider these Pros/Cons

Reverse Mortgage Pros Cons Reexamined for 2013

Reverse Mortgage Advantages; Why You Could Miss The Boat…

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