Reverse Mortgage Misconception #3:
Reverse Mortgages are scam!
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 scam
Nothing can be further from the truth. The Reverse Mortgage is an FHA loan and one of the most highly regulated mortgage products in the country. There are several safeguards built into the product to protect the borrower.
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.