At a time when many retiring baby-boomers are considering reverse mortgages, a Money Magazine article on the CNNMoney website dares to ask whether the proposition of using home equity as cash is really safe for senior citizens.

The writer Beth Braverman goes beyond the basic coverage of the product and asks her readers whether “borrowers who take the loan too soon, or spend the payout too quickly, could end up without a source of equity to fall back on — and might even lose their homes.”

Braverman also covers the advantages and benefits of a reverse mortgage.

Click here to read more.

Most Popular Articles

FHA loan limits increasing for almost all of U.S. in 2020

Thanks to increases in home prices in 2019, the Federal Housing Administration loan limit will increase for nearly all of the country in 2020.

Dec 05, 2019 By

Latest Articles

When it comes to their home, Millennials are picky

According to a new data set from the National Association of Home Builders, Millennials care just as much (if not more) about they want in a house rather than what they need.

Dec 05, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please