What is a reverse mortgage, and can it ever be a good idea?

Getting quotes from three reverse mortgage lenders and going through reverse mortgage counseling should give you a good idea of whether it can provide a long-term solution to your financial problems. read more

If you’re thinking about moving – because of your health or for any other reason – a reverse mortgage is likely not a good idea. Its high up-front costs can make this loan a bad deal in the short run. read more

Reverse Mortgage can be a good idea if you keep the emotions aside and look at it purely from a financial perspective. Let us look at the negatives and positives surrounding Reverse Mortgage, so that you can decide whether it suits you or not. Negatives surrounding Reverse Mortgage: Society Pressure - Home is generally looked upon as a sacred place. read more

If these five criteria describe your situation, a reverse mortgage might be a good idea for you. read more