Reverse Mortgage Misconception #2:
Reverse Mortgages are a loan of last resort.
Reverse Mortgages get a bad rap and I’m here to debunk the most common misconceptions about this popular and very misunderstood mortgage product.
Common misconception # 2: Reverse Mortgages are a loan of last resort.
Not true! Reverse Mortgages has been used as a retirement and financial planning tool for many years. It’s not just for the financially strapped but for the borrower seeking to create safe and durable retirement income from their home equity in retirement.
Don’t let these misconceptions stop you from getting more involved in one of the most financially and emotionally rewarding mortgage products ever created. Contact us now and learn more.