Next Generation Financial Services constructed a page of Reverse Mortgage Misconceptions.

The four misconceptions are:

1. Reverse Mortgages are only for the desperate seniors, or for the “House Rich, Cash Poor.”
2. Your home must be debt-free to qualify for a Reverse Mortgage.
3. The Bank owns the home after you get a Reverse Mortgage.
4. When a Reverse Mortgage comes due, the bank sells the home.

Read the answers on the Reverse Mortgage Misconceptions Page.

Contact us with any questions.

This entry was posted on Tuesday, January 3rd, 2006 at 11:42 am and is filed under Reverse Mortgage News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.