Reverse Mortgage Could Leave You Homeless (2013-10-30)
It’s hard to pick up a Boomer oriented publication or turn on the TV without seeing Hollywood ‘hasbins’ pitching reverse mortgages. While these products may have some limited use, they can be deadly for many.
According to this article, ‘When it comes to reverse mortgages, inflation should be one of your top concerns. Over time, inflation can eat away at the value of your annuity benefits or yield on a bond, but that’s the worst that can happen. With a reverse mortgage, inflation could take away your home.’ Read more…
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