– WOW! Lots of Info – Reverse Mortgage Home PURCHASE Loans Primer, with Your Host, Kim Dodge, Reverse Mortgage Specialist with Usher Financial Group.Listen!
Category: Reverse Mortgages
What are the truths and myths of a reverse mortgage? More and more Americans are applying for reverse mortgages and yet many older homeowners still remain confused as to the benefit and unique features of this loan type. Listen to Kim as she clarifies what a reverse mortgage is really all about.
Common Myths about Reverse Mortgage:
- Myth: The bank owns your home in a reverse mortgage
- Myth: Your home must be paid off to qualify for a reverse mortgage
- Myth: Reverse mortgages are too expensive
- Myth: Reverse mortgage is only for desperate people or those in foreclosure.