The following highlights are provided to help you clearly and accurately understand the true facts and foundations of a reverse mortgage.
Fiction: I will lose the title to my home.
Fact: You will retain the title to your home.
Fiction: It’s only for people in poverty or bankruptcy.
Fact: People at all income levels have benefited from a reverse mortgage.
Fiction: It’s free money.
Fact: It’s an equity loan that will ultimately need to be paid back to the lender when you no longer live in your home as
your primary residence.
Fiction: Reverse mortgages are risky.
Fact: Most reverse mortgages are Home Equity Conversion Mortgages (HECM’s) that are FHA-insured.
Please feel free to contact Carol Bertocchini for a free consultation. She will work with you, in person, side-by-side, to answer all of your questions and help you decide if it is the right fit for you or your family members.