Choosing a Reverse Mortgage

Reverse Mortgage Blog

Are Reverse Loans Safe?

March 10, 2022

There continues to be confusion over how safe and beneficial a reverse loan is to use for additional income. Old beliefs are still circulating about them, and unfortunately misinformed and myths about them only hurt the senior community when it could made a difference in the quality of their life. Read here for a few more details. https://www.reverseloanconsultant.com/

Lorraine Jones

This material is not provided by, nor was it approved by the Department of Housing & Urban Development (HUD) or by the Federal Housing Administration (FHA). It is not intended to be a substitute for legal, tax or financial advice. Consult with a qualified attorney, accountant or financial advisor for additional legal or tax advice.

*There are some circumstances that will cause the loan to mature and the balance to become due and payable. The borrower(s) must continue to pay for property taxes and insurance and maintain the property to meet HUD standards or risk default. Credit is subject to age, minimum income guidelines, credit history, and property qualifications. Program rates, fees, terms and conditions are not available in all states and subject to change.

Lorraine Jones

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Are Reverse Loans Safe?

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