Posted by faVAnotary on 8/20/10 8:59am
Msg #349734
Reverse Mortgage Info
Does anyone know a non-biased website, etc. where I can find good information on these Reverse Mortgages - pros and cons?
|
Reply by John/CT on 8/20/10 9:04am
Msg #349735
Reverse Mortgage Info ==> AARP n/m
|
Reply by MW/VA on 8/20/10 9:05am
Msg #349737
Try message #340307. One of the notaries who posts here
has a book.
|
Reply by Judy/TX on 8/20/10 9:23am
Msg #349738
I bought Brenda Stone's book on reverse mortgages. You pay via PayPal and receive it on line to print at your convenience. It has been invaluable. Give it a try.
|
Reply by BrendaTx on 8/20/10 9:42am
Msg #349740
Re: Reverse Mortgage Info - thank you Judy, et al. :) n/m
|
Reply by MW/VA on 8/20/10 9:51am
Msg #349743
That's the one I was referring to. n/m
|
Reply by MichiganAl on 8/20/10 9:55am
Msg #349747
I don't think the question is about reverse mortgage closings and reverse mortgage packages. It's about the advantages or disadvantages of getting a reverse mortgage. In that case, I think the AARP site is the resource you want:
http://www.aarp.org/money/credit-loans-debt/info-04-2008/key_decisions_about_reverse_mortgages.html
|
Reply by BrendaTx on 8/20/10 10:03am
Msg #349749
Re: Reverse Mortgage Info - Agree Alex.
I see what you mean. I did not read from the beginning.
|
Reply by BrendaTx on 8/20/10 10:04am
Msg #349750
Re: Reverse Mortgage Info - Agree Alex.
Try: www.hecmresources.org.
|
Reply by June Perkins on 8/20/10 5:10pm
Msg #349793
I decided a while ago that I will not do any more. They make me very uncomfortable.
|
Reply by MW/VA on 8/20/10 8:39pm
Msg #349819
That's a shame. I like RM's. IMO it's a great program for many seniors, and I've done some signings were people were helped tremendously by the RM. It's not for everyone.
|
Reply by MichiganAl on 8/21/10 12:30am
Msg #349849
I'm with you. I like them. I've had more than a few seniors cry tears of joy at their closings because the r.m. was basically allowing them to survive on their low fixed income. I'd recommend an r.m. to a friend or family member in a heartbeat.
|
Reply by Erwin/CA on 8/21/10 4:36pm
Msg #349921
I bought and read Reverse Mortgages for Dummies. A good, informative book.
Erwin
|
