How reliable or unreliable are reverse mortgages really?

Asked by Daniel Dohlstrom

1 Answer

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Answered by James Barath, CMPS, Certified Mortgage Planner in Crown Point, IN
Not sure what you mean by reliable Daniel. What can be said is that a HECM (aka reverse mortgage) is not a good fit for all seniors; however, for the ones who are house-rich and cash-poor, a reverse mortgage can have a positive, lifestyle impact on their finances. | 08.17.16 @ 16:13
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$commenter.renderDisplayableName() — {comment} | 12.11.16 @ 00:16
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