A Reverse Mortgage is when your house pays you back, or that is how the commercial goes. But at what cost? And is it worth it?

I have been doing some more research on these Reverse Mortgages (RM). I have been trying to condense 80 pages of data down into something manageable. Here are a few important notes I came up with:

-You can get a more detailed over view on this website at: http://www.getloans.com/loanprograms/rm/

-You have to be 62 years of age or older. Read the rest of this entry »