Are reverse mortgages a good idea?

Answer On One Hand: A Reverse Mortgage Is a Good IdeaA reverse mortgage is a type of mortgage debt that allows a borrower age 62 and older to tap into the built-up equity in his home. The reverse mortgage... Read More »

Top Q&A For: Are reverse mortgages a good idea

How good are reverse mortgages?

On One Hand: They can help homeownersIf a homeowner age 62 or older and has a large amount of equity in his home, he can purchase a reverse mortgage. The reverse mortgage can pay off any existing d... Read More »

Is reverse osmosis a good idea?

On One Hand: It Cleans SaltwaterBecause of the larger chemical makeup of salt, the small openings that filter the water in reverse osmosis don't let it through. Furthermore, they don't allow other ... Read More »

Are all reverse mortgages the same?

A Home Equity Conversion Mortgage, also called a reverse mortgage, allows seniors to borrow from the equity in their homes without payments. There are two different types of reverse mortgages, priv... Read More »

Reverse Mortgages & Bankruptcy?

Reverse mortgages--a strategy that allows older people to tap into the equity of their homes--have advantages and disadvantages. These types of loans help people who are at least 62 years old acces... Read More »