Real estate blog entries tagged with good idea by GetLoans.com

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Home : Blogs : Brian Martucci : Brian Martucci's Blog : Tag "good idea"

good idea: Reverse Mortgages, Good Idea? - 04/09/10 07:46 PM

A Reverse Mortgage is when your house pays you back, or that is how the commercial goes. But at what cost? And is it worth it?
I have been doing some more research on these Reverse Mortgages (RM). I have been trying to condense 80 pages of data down into something manageable. Here are a few important notes I came up with:
-You can get a more detailed over view on this website at: http://www.getloans.com/loanprograms/rm/
-You have to be 62 years of age or older.
-You have to own your home free and clear, or have a relatively low mortgage.
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