Question

 Are reverse mortgages immoral or sinful?

Answer On One Hand: Getting Scammed.To obtain a reverse mortgage, you have to be at least 62 years of age. At this age, some people are relying on government support such as Social Security and Medicaid. ... Read More »
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Top Q&A For: Are reverse mortgages immoral or sinful

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 »
http://www.answerbag.com/q_view/1902480

What are the problems with reverse mortgages?

Older homeowners may have a great opportunity to access the funds in their home's equity using reverse mortgages. However, some of the disadvantages of these types of mortgages should be considered... Read More »
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When did reverse mortgages happen?

The initial reverse mortgage occurred in 1961 to a woman named Nellie Young. The mortgage was issued by Deering Savings and Loan, located in Maine. The Home Equity Conversion Mortgage (HECM) was ap... Read More »
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Does US Bank have reverse mortgages?

US Bank does not offer reverse mortgage programs for their customers. US Bank does, however, offer several mortgage programs and refinance options which include cashing out equity in the property.R... Read More »
http://www.answerbag.com/q_view/2263591


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