USA Today: Is a Reverse Mortgage Right for You?

USA Today published a recent article asking if a reverse mortgage is right for homeowners.   The article summarizes some of the highlights of the program and gives advice to the consumer to shop carefully for a good reverse mortgage.  It states that with a Home Equity Conversion Mortgage (HECM) you still own your home and the loans are non-recourse, which means you'll never owe more than the value of your home at its sale regardless of whether the home's value declines.  The writer encourages the reader that when done right a reverse mortgage can increase your chances of a healthy income in your golden years.  Read the entire article 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