top 10 reverse mortgage myths dispelled: Top 10 reverse mortgage myths dispelled - 10/25/11 11:12 AM

As reverse mortgages

 

have increased in popularity, so have the myths about these unique
loans. While there's better information available today, many seniors and their adult children

who are exploring reverse mortgages still encounter a host of misconceptions. Here's a look at

common myths and the facts:


1. The bank takes the house or the borrower can lose the house.

With a reverse mortgage, the borrower retains title throughout the life of the reverse mortgage. The borrower cannot, as

a result of the reverse mortgage, be forced out of the home … (1 comments)

 
Rick Kellow, FHA & Reverse Mortgage Expert (Cherry Creek Mortgage)

Rick Kellow

FHA & Reverse Mortgage Expert

West Bend, WI

More about me…

Cherry Creek Mortgage

Address: 1725 Cedar Ridge Drive, Slinger, WI, 53086

Office: (262) 384-4417

Mobile: (414) 303-7944



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