Is a Reverse Mortgage for you?
You still own your home with a Reverse Mortgage. That one question is the biggest myth homeowners need to know. Yes, you still own your home.
You do not pay a mortgage payment, but you do pay your property taxes and homeowners insurance.
How can you have a Reverse Mortgage and not make a mortgage payment? The interest on your Reverse Mortgage is added to the principle.
I prefer to speak with our meet with potential reverse mortgage clients to be sure it's right for you.