I've been inundated with responses, emails, calls, and conversations regarding the Reverse Mortgage posts
on AR over the last couple of days.
Wow! This is a topic that gets people talking! Rightfully so, as it's important.
I had mentioned in my Reverse Mortgage post on AR that I was concerned about the tone displayed in the ConsumerReport's latest magazine article regarding this topic. I wanted to clarify that I am typically a real CR fan and find its' reporting to be un-biased and fair.
On this particular topic though, I've sensed a little different "flavor". Maybe their approach is a good thing in some ways. It certainly raises the visability level of the topic itself and gets the point across to seniors that a mortgage of this type is not something to enter into lightly. That's all good.
My reason for writing this follow-up is not to just continue any debate. It is simply this ... Within a ConsumerReports follow-up article (same issue as the main report), they included some options for seniors to consider versus and prior to taking a Reverse Mortgage.
One bit of information offered within that article stood out for me.
CR writes: "Most states have a government agency to match seniors with local resources and programs to meet their needs. Also check out www.benefitscheckup.org, a screening service that checks older adults' eligibility for various public and private benefit programs in all 50 states and the District of Columbia."
Being aware of this informational resource might prove of great assistance at some point. I thought it worthy of an additional writing.
Keep the dialogue flowing ...
Gene Mundt, Sr. Vice President
Personal NMLS #216987
The Federal Savings Bank
1823 Centre Point Circle, Naperville, IL 60563
Skype! 630-219-1316
Thanks for all the great information.
Terri! Always makes me happy when you stop by and write me!
Hope the information proves useful to you or someone you know ... If I can ever explain anything further or help, please let me know.
Gene