Mortgages work in reverse
Homeowners who take out loans based on their equity are multiplying
All the television commercials about reverse mortgages caught Pat King’s attention.
Digging deeper, the Jacksonville homeowner went last week to the Housing Partnership of Northeast Florida for a reverse mortgage seminar sponsored by Wells Fargo.
“You have all the blurbs out there on TV, and we thought we would come and see what it’s all about,” she said.
Her verdict: She’s intrigued, but still wants to do more research because the loans are so different from her experience with regular home mortgages.
“You have to literally think in reverse,” she said.
Post from: Reverse Mortgage Loan Blog
