The Best Reverse Mortgages

Recently, we have seen more attention being given to reverse mortgages than ever before.  The latest was an article published in the July edition of the Journal of Accountancy, which caters to CPA's and the overall accounting industry.  The article gave a detailed and unbiased presentation of the reverse mortgage program listing all the pros and cons associated.  There have been other articles written from outside the reverse mortgage industry over the years that have provided inconsistent data and facts, however this article is well written and very poignant with the facts.  More importantly, this article will act as a wonderful source of information on the reverse mortgage program for other professional industries such as accountants, lawyers and financial planners. Read the article in its entirely at:   http://www.journalofaccountancy.com/Issues/2012/Jul/20103561.htm# To speak to a reverse mortgage professional, visit http://www.reversemortgagebenefit.com

Many seniors are not being informed of the different options available under the FHA reverse mortgage program.  This is due to the fact that many brokers are luring seniors into taking a lump sum cash payment because it compensates the reverse mortgage broker the most.  As a result, there was a recent study done by the CFPB that illustrated this exact point as being a detriment to the reverse mortgage program as a whole.  When considering a reverse mortgage , it pays to do your research and interview various reverse mortgage banks (not brokers) who are held by much higher industry standards.  It is wise to consult with an attorney, financial planner and reverse mortgage professional.  For complete information on the reverse mortgage program for adult children, advisers and seniors, visit www.reversemortgagepartner.com .