Pros and Cons of a Reverse Mortgage

Good, common sense article about the pros and cons of a Reverse Mortgage. I’ve been a RM loan officer for 12 yrs, and until 2-3 years ago, the lenders doing them were mostly reputable, but now, all the fast talking loan officers and their employers are flocking to the business, bringing with them the same slick, deceptive and misleading marketing that got them in trouble while trolling in the regular mortgage market.

The borrowers should be wary, seek advice from relatives and get another Loan Officer to discuss the products with them.

Good Job and thanks.

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