Reverse Mortgage Warning

This blog has covered reverse mortgages a couple of times recently — both in terms of pitfalls, and in terms of the benefits you can get. And truthfully, depending on circumstances, reverse mortgages can be a great idea. However, The New York Times points out  that despite trying to crack down on misbehavior, there are a number of inaccurate and potentially misleading ads running. So, this is an extra warning — before you jump on a reverse mortgage based on something you’ve seen in an advertisement, make sure you do your research and double check the facts.

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