Attention!
Link to Reverse Mortgage Daily Rebuttal:
Gene Mundt, Sr. Vice President
Personal NMLS #216987
The Federal Savings Bank
1823 Centre Point Circle, Naperville, IL 60563
Skype! 630-219-1316
2 comments • Gene Mundt Mortgage Lender Chicagoland Mortgage Lending • September 04 2009 03:25PMPost © 2009 Gene Mundt Mortgage Lender Chicagoland Mortgage Lending (815.277.4036 www.genemundt.com). Design © 2009 ActiveRain Corp.
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Sometimes saving your home at that age is the most important . To live out your years in your own home,
Terri:
You're exactly right and have hit the nail on the head! Reverse Mortgages MAY be an option that allows a senior to do exactly that ... they might not be. My point is, they are .. and should remain ... an option that seniors consider at the minimum. With wise counsel and thought, they can then decide whether these loans are appropriate to utilize in their personal scenario. Scaring seniors so badly so they don't even consider this option is totally wrong. I hope the info provided gets families talking about these serious issues within their own family.
Always great to receive your input, Terri!
Gene