Reverse Mortgage Blog

Reasons for Using a Reverse Mortgage

March 20, 2019

Over the years the reasons that seniors apply for a reverse loan have changed and more are concerened about outliving their retirement funds. Click on the following link to read a short post in my blog about the other reasons. 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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Reasons for Using a Reverse Mortgage

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