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  1. #1
    Join Date
    Oct 2011
    Location
    Amsterdam
    Posts
    15,510

    What to watch for in reverse home mortgages

    Are these reverse home mortgages a scam? You see alot of celebrities promoting these mortgages.

    By all accounts, reverse mortgage growth is placed to blow up. Seniors are reaching retirement and, for many, home equity comprises the biggest a part of their amount of money. Reverse mortgages would be the tools that lots of these retirees uses to make use of this amount of money for old age expenses. The amount of new HUD Home Equity Conversion Mortgages (HECM) already has grown greater than percent within the first nine months of 2006 within the same period twelve months ago.
    Read this article on what to watch for, click here.

  2. #2
    Join Date
    Jan 2011
    Posts
    62

    Re: What to watch for in reverse home mortgages

    If a senior needs the money then of course it's not. The real scam is telling a person they own a home.

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