Reverse Mortgage Dangers: The Pros, Cons, Downside and

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Reverse Mortgage Dangers: The Pros, Cons, Downside and Disadvantages
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Mortgage matters are a prime driver of todayâ€™s economy. Getting a mortgage with favorable terms is the goal of almost every American. Jim Anderson has been a licensed Mortgage Loan Originator in his own mortgage company for fifteen years, specializing in Reverse Mortgages. A graduate of The Real Estate Institute, he has taught the nuances of different types of mortgages as a major Realtor- Board Education-Chairman. A published author since 1970, he has written dozens of books and articles and was published in the prestigious Leaders magazine sent to Heads of State and corporate CEOs. He presently owns a mortgage refinancing company. His pet peeve is that seniors in particular are often taken advantage of financially by mortgage companies when discussing their home mortgage. He believes that reverse mortgages in particular are sold to seniors as the â€œbest thing everâ€, and are anything but. Risking his career to help seniors avoid making a costly mistake, Anderson wrote Reverse Mortgage Dangers as a daring warning. Seldom are senior citizens given all possible negatives of this â€œfree no-risk moneyâ€, and told the many pitfalls they must seriously consider before signing anything. â€œSometimes a reverse mortgage is a good idea, but most often it is notâ€, declares Anderson. He explains the pros, cons, pitfalls, drawbacks and disadvantages of this poorly-understood financial instrument. This unique book explains the many secrets of this highly-touted â€œsafe and secure free seniorsâ€™ moneyâ€ , covering scams, frauds, and other problems. Is a seniorâ€™s reverse mortgage ever a good idea? Is it a banking scheme or a government blessing? This unique fact-filled book has all the remarkable useful answers. Residential mortgages of the â€œforwardâ€ variety have for years led the market. But as our population ages, and more individuals reach the magic â€œ62 yearsâ€ switching out of conventional loans to home equity conversion loans (HECMs) has become a major financial planning tool. Getting a mortgage of any type requires serious study and comparison shopping. Mortgage brokers are not created equal! Mortgage loans come in all flavors. Morrtgage payments can vary greatly. Mortgage related issues will always be of primary importance to every consumer seeking the American dream.
Country USA
Brand Lion's Pride Pub.
Manufacturer Lion's Pride Publishing Company
Binding Paperback
UnitCount 1
EANs 9781893257511
ReleaseDate 0000-00-00

Country	USA
Brand	Lion's Pride Pub.
Manufacturer	Lion's Pride Publishing Company
Binding	Paperback
UnitCount	1
EANs	9781893257511
ReleaseDate	0000-00-00

Reverse Mortgage Dangers: The Pros, Cons, Downside and Disadvantages

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