Housing Tip of the Week: Avoid Reverse Mortgages

We strongly suggest that you say NO to a reverse mortgage! While they seem like a good way to use your home equity, it will really be your family that will be left with the debt when you pass away. In addition, if you don’t pay the taxes or insurance, the company with the reverse mortgage can foreclose. Don’t let this happen to you or your family. If you are having issues with a reverse mortgage, please contact our office. To learn more about reverse mortgages, click here.