This preview shows page 1. Sign up to view the full content.
Unformatted text preview: Rumors of deceitful sales individuals routing seniors to reduced value products to make commissions. A good number people do not know how to compare these complicated products. Another issue with reverse mortgages is that there is no equity left in the home. This means that there wont be any equity to pass on to your family. Moreover, in cases of illness or injury that forces owners to move into assisted living, the house is turned over to the bank. Maybe you come to a decision to make a move somewhere else. In situations like this there is not much you can do given that your house no longer belongs to you. A reverse home loan is one of numerous cash flow sources for people who own and have equity in their own home, but is it right for you?...
View Full Document
- Fall '10