Question

 What are the problems with reverse mortgages?

Answer 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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Top Q&A For: What are the problems with reverse mortgages

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 »
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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 »
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Complaints About Reverse Mortgages?

Reverse mortgages are a type of mortgage that allows people to live in their houses and retain ownership, while receiving an immediate loan amount for the equity in their homes. These reverse mortg... Read More »
http://www.ehow.com/list_7350262_complaints-reverse-mortgages.html

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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