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What is the Downside of Reverse Mortgages?

Downside of Reverse Mortgages

I’m sure you’ve seen the commercials on TV with famous pitchmen extolling the virtues of reverse mortgages. They make reverse mortgages sound pretty good, right? So, what is the downside of reverse mortgages? What are some possible pitfalls you need to look out for? The HECM reverse mortgage is a great financial tool, … Read More >

6 Reasons to Avoid a Reverse Mortgage

5 Reasons to Avoid a Reverse Mortgage

There’s no question a HECM reverse mortgage is a fantastic financial tool that offers increased financial stability and freedom in retirement. However, it’s not the perfect solution for everybody; there are some situations where you may want to avoid a reverse mortgage. Before we dig into the reasons not to get a reverse mortgage, let’s first … Read More >