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Home Equity Conversion Mortgage

Reverse Mortgages: Unintended Consequences

New York Legal Assistance Group | Posted 11.04.2016 | New York
New York Legal Assistance Group

Reverse mortgages are designed to allow older homeowners to convert some of the equity in their homes into a loan that will enable them to remain in their homes for the rest of their lives.

Is This a Good Time to Take a Fixed-Rate Reverse Mortgage?

Jack M. Guttentag | Posted 11.10.2014 | Fifty
Jack M. Guttentag

For qualifying seniors, now really is a great time to consider a government-insured reverse mortgage, and here's why: Seniors can get more money out of their homes now then they will when interest rates, now at historic lows, begin to rise again.

Reverse Mortgages Aren't for Everyone

Jason Alderman | Posted 11.12.2011 | Business
Jason Alderman

Reverse mortgages are touted as a great tool for seniors to tap their home equity to pay off bills while remaining in their homes with no monthly mortgage payments. Although that may be true for some people, these complicated and costly loans aren't right for everyone.