Here is a presentation that I have given at seminars about how Reverse Mortgages work. It is a little wordy and I am working on changing many of the slides, but if you read it, it gives a lot of useful information.My favorite part is about the misconceptions that people have about Reverse Mortgages. I still cannot believe how many intelligent professionals, many of whom serve the senior community, such as elder law attorneys and financial planners, still don't have a clue about how a Reverse Mortgage works. I can't tell you how many of them have told me that the lender keeps the Reverse Mortgage borrowers home.
I still believe that Reverse Mortgages are the most misunderstood financial product in the world and I am trying to explain it to as many people as I can.
Here is the presentation:
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