reverse mortgages: Financial Advisors Shaking off the Taboo of Reverse Mortgages
- 02/14/16 10:21 AM
It’s true, Reverse Mortgages have received the scorned looks of homeowners and financial folks alike for years. But with changes made in how they are presented, funded and regulated, they are slowly making their way back into the good graces of financial advisors. In fact, several studies are now showing the use of reverse mortgages in a positive light to help with supplementing retirement income.
Although the cost of getting a reverse mortgage is higher than those associated with a conventional mortgage, all the income from a reverse mortgage is tax free. Income from other financial products will vary however in the … (0 comments)
reverse mortgages: Understanding Costs in Reverse Mortgages
- 01/18/16 09:39 AM
A reverse mortgage is a financial product available to seniors looking for additional income in retirement. It is a great option for people who meet the requirements to supplement income. There are, however, some unique circumstances in reverse mortgages that need to be understood. Of course, your best option, is to talk directly to a local, licensed Reverse Mortgage Advisor to get your questions answered and determine if a reverse mortgage is right for you.
Explain why I don’t pay principle and interest on my reverse mortgage. With a Reverse Mortgage, you don’t pay principle and interest like a traditional loan, and are … (0 comments)
Related Links:
Kevin A. Guttman-Author, ReverseMortgageSpecialist
It’s true, Reverse Mortgages have received the scorned looks of homeowners and financial folks alike for years. But with changes made in how they are presented, funded and regulated, they are slowly making their way back into the good graces of financial advisors. In fact, several studies are now showing the use of reverse mortgages in a positive light to help with supplementing retirement income.
;)
;)
