Reverse mortgages an option for some

June 20th, 2009 admin

I found a great article posted in the Bakersfield Californian… Reverse mortgages an option for some.

Many folks think reverse mortgages are junk loans pushed on seniors by bottom feeding mortgage lenders. And many cases that may be. That’s why you need to be educated on reverse mortgages and be sure to work with a trustworthy lender.

As started in the article, some misconceptions on what reverse mortgages are and how they work…

“I will lose my home to the bank.” “If I die my children will not get my home.” “At some point I will outlive the mortgage and have to leave my home.” Thankfully, none of these statements are true. — TONYA HOWZE, Contributing writer, Bakersfield Californian… Read the rest of Reverse mortgages an option for some

Reverse mortgages might really be a good option for some home owners. I recommend you check the aforementioned  article if you are considering a reverse mortgage.

For a little different explanation of reverse mortgages as well as other mortgage types.. visit our Real Estate FAQ article – Common Mortgages in Tehachapi CA.



This entry was posted on Saturday, June 20th, 2009 at 8:01 am and is filed under Mortgage Info. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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