What are the good and the bad of reverse mortgage? What should you look out for?

Answered by:

Frank Dino

Highly recommended
Real Estate Development
4 Questions answered
Answered on August 2nd, 2019
On an upside for persons without alternate resources to provide late retirement income, a reverse mortgage presents an opportunity for those whom may otherwise not qualify for a conventional mortgage. Conversely the diminishing asset over term eliminates any ability to maintain control of the equity or the ability for equity to ensure to their estate.

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