I recently read an article discussing whether reverse mortgages eliminate all the equity that the heirs might receive. A tax lawyer and reverse mortgage researcher believes it is not only the equity that should be considered but also the accrued interest paid on the reverse mortgage. Mr. Barry H. Sacks, JD, PhD, a practicing tax […]
The Benefits of a Reverse Mortgage
If you are over 62 years old and have sufficient equity in your home you may be eligible for a Reverse Mortgage. Many Homeowners do not fully understand the benefits that a Reverse Mortgage can provide as opposed to a forward Mortgage or typical Mortgage. Many Homeowners that are of retirement age struggle to meet […]
Is a Reverse Mortgage right for you?
I will be the first to admit that the Reverse Mortgage is not the best option for ALL Homeowners. But for those Homeowners that are “equity rich” and “cash poor” the Reverse Mortgage can be the best and only option to secure your financial future. Many of my Clients advise that they are just barely […]
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