Michael Taylor of Bankers Anonymous published an article, "All My Thoughts On Reverse Mortgages," illustrating a consumer's experience shopping for a reverse mortgage. In addition to providing thoughts from the consumer's point of view, this piece includes general reverse mortgage information that customers could find to be helpful while going through this process. Plus, Joe DeMarkey, Strategic Business Development Leader at Reverse Mortgage Funding LLC, shares insight on reverse mortgage interest rates.
As with any mortgage, you must meet your loan obligations: keeping current with property taxes, homeowners insurance and any homeowners association (HOA) fees, and keeping your home in good condition.
This material has not been reviewed, approved or issued by HUD, FHA or any government agency. The company is not affiliated with or acting on behalf of or at the direction of HUD/FHA or any other government agency.