Adult Children and Reverse Mortgages

Senior homeowners who want to get a reverse mortgage may want to consider including their adult children.  Typically more communication between the family is better.  However, different family dynamics and the family's financial culture will also play a role in whether the children should be part of the discussions.  The general rule of thumb is to include the children so that everyone is on the same page and there are no surprises later.  Bankrate.com recently published an article on this topic which you can read here.

For more information on reverse mortgages and other related topics contact:

Rick R. Rodriguez
Certified Reverse Mortgage Professional, CRMP
NMLS# 473353
Toll Free (877) 500-0454
Local (702) 460-6222