Is a Reverse Mortgage the Best Choice For You?

Posted by & filed under Reverse Home Loans.

Reverse Mortgages may not be for all, but this is an excellent choice for many. Is it a good choice for you?  We will share reverse mortgage details in Illinois here to help decide. What’s a Reverse Mortgage?     What’s a Reverse Mortgage? A Reverse Mortgage is a special, federally insured program designed especially for… Read more »

Benefits of Reverse Home Loans

Posted by & filed under Reverse Home Loans.

The Benefits of Reverse Home Loans There are numerous myths in the current market fueled by stories regarding reverse mortgages from the past. The most typical misconception is that you will have to transfer ownership of your house to the lender upon loss of life, or that eventually you might be forced to move from the… Read more »

Reverse Mortgages Can Be a Useful Financial Tool

Posted by & filed under Reverse Mortgage.

reverse mortgage

Older homeowners often use reverse mortgages to pay off their traditional mortgages so they can get rid of their monthly house payments. Is that a wise strategy? Reverse mortgages have gained a bad reputation over the years, but they can be a useful financial tool to seniors when used appropriately, said David Johnson, associate professor… Read more »