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Is It Time for a Reverse Mortgage?

By
Real Estate Agent with Dave Edwards Realty

When it is time to retire there are many decisions that homeowners have to make as they retire. One question that comes up is if a reverse mortgage should be considered. Always talk with your financial advisor, however, here is one opinion on reverse mortgages:

Read the CNN Money website article

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When it's time to buy or sell real estate in Greenville, SC you need to work with a realtor who is honest, trustworthy, and knows the market. Dave Edwards - Greenville, SC Realtor - makes a strong effort to keep up with Greenville, SC market trends by analyzing market information on a daily basis. Who do you know that needs to sell? Contact us today at 864.275.7250.
Based on sales by GGAR members and CRS data.

Steve McCoole
Mortgage Alliance Group - San Diego, CA - NMLS#305667 - San Diego, CA

A RM is a great product for senior homeowners that have a greater need for cash and income than they do for unspendable equity in their golden years.  Because of the fees involved and mortgage insurance, the money does not come as cheap as in traditional mortgages though.

Dec 21, 2010 08:30 AM
Dave Edwards
Dave Edwards Realty - Greenville, SC

Thanks for the input Steve!

Dec 22, 2010 01:35 AM