Reverse Mortgage Pros and Cons Book
Looking for a review about this book, does anyone know if this discusses the Reverse Mortgage Cons??
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The “house-rich” way to generate income for a comfortable retirement
A reverse mortgage lets homeowners age 62 and over turn part of their home equity into tax-free income without having to sell their home or take on another loan. If you’re house-rich and cash-poor, a reverse mortgage is a great method to plan for retirement.
The Reverse Mortgage Advantage offers a comprehensive introduction to reverse mortgages. Through real-life examples, the book answers a wide array of questions surrounding this concept, including choosing a mortgage type, selecting a lender, and minimizing fees.
Financial Freedom You Can Only Get When You Hit 62!
Whether you’re exploring a reverse mortgage to finance a home improvement, pay off a current mortgage, pay for health care expenses, or generate monthly income to improve quality of living, you’re one of the thousands of Americans age 62 and older who are turning to this lucrative way to build income.
Simply put, with reverse mortgages you no longer pay the bank, the bank pays you. In The Reverse Mortgage Advantage, renowned real estate expert Warren Boroson presents a thorough examination of the ins and outs of this intriguing investment method. Boroson dispels any myths and puts crystal-clear focus on the pros and cons of reverse mortgages.
With real-life case studies and practical examples, The Reverse Mortgage Advantage shows you how to:
* Transform a “house-rich, cash-poor” situation into tax-free equity
* Choose between a lump sum, a line of credit, a monthly income, or a combination
* Find a reputable HUD-approved reverse mortgage counselor in your area
* Minimize setup fees and related charges
