Reverse Mortgage Expenses

Reverse Mortgages are expense compared to what? Where else can you borrow money regardles of credit or income. Banks would charge much higher rates.Why not complain to the state for making reverse mortgage expense by charging stamps at 150% of home value not 100% on loan value. Nor do you mention the FHA charges a 2% mortgage insurance where people buying an home only have to pay 1.5%. You also wrongly say there is a monthly payment not true. There are products with very low closing costs. Also you did not mention you can a fixed rate below the Market place for compared to loans with no income or credit checks. I didn't read in your collums where you criticize banks for equity loans the seniors can not afford. Or 6%&7% commission to Realtors for selling your home with putting up a sign and have some one buy it, with no work involved. Now is the best time to do a reverse Mortgages as homes are going down in value you can lock in todays value and possable borrow more money.

Call 1-888-973-8377 with any questions or visit ReverseMortgageNation.com a national Reverse Mortgage Lender.

Looking for more Reverse Mortgage Information?