forward mortgage: Forward or Reverse Mortgage - Which one is the right one?
- 04/04/14 07:01 AM
Forward or Reverse Mortgage - Which one is the right one? Greg called me today from Saratoga, NY. He was referred by a friend of his who is currently in the process of doing a reverse mortgage on his home. He said that he currently had a private mortgage on his condo at 6.5% that had a balloon payment coming due this summer. He was self employed and said his credit was just "ok". He was operating under the assumption that because he was self employed and only had "ok" credit, that getting a regular Mortgage (what we call "Forward Mortgage" … (3 comments)
Forward or Reverse Mortgage - Which one is the right one? 
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