no comments 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... Read Full Article
30 comments I can almost hear it now... “This is an article written by a company who does reverse mortgages so there probably won’t be any cons!” As passionate as we are about the reverse mortgage and its many advantages, there are also drawbacks. We make certain that we point out the pros and cons to all reverse mortgage applicants. The loan... Read Full Article
no comments 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... Read Full Article
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.... Read Full Article
2 comments 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... Read Full Article
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... Read Full Article
no comments It's funny when you hear someone with a definite opinion, one way or the other about reverse mortgages that is the same no matter who you're talking about or what the circumstances are. The choice of whether or not to get this loan isn’t universally a “good idea” or “bad decision"... Read Full Article
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... Read Full Article
no comments 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... Read Full Article
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,... Read Full Article
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