The words ‘nature abhors a vacuum’ have been attributed to Aristotle who believed any empty space in nature would be filled by the denser surrounding material. When it comes to reverse mortgages that ‘denser material’ is rampant misunderstanding and plain falsehoods. While we can uselessly expend our collective energies chaffing
You get just one chance to build or destroy your credibility with potential borrowers and financial professionals.
Here’s where one of the biggest myths came from The best lies have an element of truth in them. Perhaps the truth serves as the sugar coating on a poison pill that has infected the minds of many older homeowners who fear they would sign over ownership of their home
[vimeo id=”136775831″ width=”625″ height=”352″] *Note: Unintentional error mentioned in the video regarding the HECM line of credit calculation has been corrected in the transcript. The HECM line of credit growth rate is based on the current month’s interest rate charged + 1.25% FHA mortgage insurance charge. Borrowers are not the
Last week Fox Business posted an article entitled “10 Reasons Not to Take Out a Reverse Mortgage" . Everyone loves a top ten list and one would think such a list from a well known business site would be rooted in truth. Unfortunately Fox’s post is neither fair or balanced...