Comments on: The Good, The Bad, and The Reverse Mortgage http://debtprison.net/wordpress/94/the-good-the-bad-and-the-reverse-mortgage/ Financial Opinion Tue, 15 May 2012 21:13:32 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: chris http://debtprison.net/wordpress/94/the-good-the-bad-and-the-reverse-mortgage/comment-page-1/#comment-13435 chris Tue, 20 Dec 2011 21:20:20 +0000 http://debtprison.net/wordpress/94/the-good-the-bad-and-the-reverse-mortgage/#comment-13435 I work for a reverse mortgage company - while many of the points are fair in this article there are many reasons as to why this is a good product for seniors first and foremost the HECM saver has reduce the upfront fees - dramatically - Seniors who are considering a reverse mortgage might also be looking at how much it would cost to sell the home- and as everyone knows selling a house can costs up to 6% in fees to broker/agents etc - while with a reverse mortgage closing costs will be more like 4% upfront closing costs sometimes much lower besides the fees - there is no other program which allows seniors to live in the home and not have to worry about making a monthly mortgage payment you can also secure lifetime monthly income from the reverse mortgage to learn more http://www.reversemortgagelendersdirect.com/reverse-mortgage-rates/ http://www.reversemortgagelendersdirect.com/reverse-mortgages-pros-and-cons/ http://www.reversemortgagelendersdirect.com/reverse-mortgages-how-they-work/ I work for a reverse mortgage company – while many of the points are fair in this article there are many reasons as to why this is a good product for seniors

first and foremost the HECM saver has reduce the upfront fees – dramatically – Seniors who are considering a reverse mortgage might also be looking at how much it would cost to sell the home- and as everyone knows selling a house can costs up to 6% in fees to broker/agents etc – while with a reverse mortgage closing costs will be more like 4% upfront closing costs sometimes much lower

besides the fees – there is no other program which allows seniors to live in the home and not have to worry about making a monthly mortgage payment

you can also secure lifetime monthly income from the reverse mortgage

to learn more

http://www.reversemortgagelendersdirect.com/reverse-mortgage-rates/

http://www.reversemortgagelendersdirect.com/reverse-mortgages-pros-and-cons/

http://www.reversemortgagelendersdirect.com/reverse-mortgages-how-they-work/

]]> By: Gail http://debtprison.net/wordpress/94/the-good-the-bad-and-the-reverse-mortgage/comment-page-1/#comment-11184 Gail Sun, 24 Jan 2010 18:01:09 +0000 http://debtprison.net/wordpress/94/the-good-the-bad-and-the-reverse-mortgage/#comment-11184 Those reverse mortgages are just another way for big banks to get their hands on our hard earned money! Any fool can see that. If your house declines in value after you take out a reverse mortgage, you are screwed, and so are your heirs. You (and they) lose the family home. If you want to take out a reverse mortgage, fine, but you and your children should know, up front, that it's really a home sale. Those reverse mortgages are just another way for big banks to get their hands on our hard earned money! Any fool can see that. If your house declines in value after you take out a reverse mortgage, you are screwed, and so are your heirs. You (and they) lose the family home. If you want to take out a reverse mortgage, fine, but you and your children should know, up front, that it’s really a home sale.

]]> By: Gwyllem http://debtprison.net/wordpress/94/the-good-the-bad-and-the-reverse-mortgage/comment-page-1/#comment-11179 Gwyllem Thu, 21 Jan 2010 17:32:19 +0000 http://debtprison.net/wordpress/94/the-good-the-bad-and-the-reverse-mortgage/#comment-11179 This reverse mortgage stuff is all over the radio waves. I'm going to send this article to Tom Martino, the Troubleshooter. He's a big proponent of the reverse mortgage. I just knew deep down in my heart that they are stealing houses from senior citizens. Even people like Robert Wagner should be castigated for being a spokesman for this type of robbery. This reverse mortgage stuff is all over the radio waves. I’m going to send this article to Tom Martino, the Troubleshooter. He’s a big proponent of the reverse mortgage. I just knew deep down in my heart that they are stealing houses from senior citizens. Even people like Robert Wagner should be castigated for being a spokesman for this type of robbery.

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