Reverse mortgages look like free money, but there’s a price

Reverse mortgages may look like free money, but you do have to pay back a reverse mortgage loan.  Reverse mortgages allow home owners to take advantage of the value or equity built up in your home.  There are many benefits to reverse mortgages, but it is important to understand these loans before you consider or agree to a reverse mortgage.  This article is a good overview of how reverse mortgages work.

Full Article-Karaim, R. (2016, Novemeber 23). Reverse mortgages look like free money, but there’s a price. Bankrate.com.

Retrieved from www.bankrate.com

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