Seniors Warned to Be Careful with Reverse Mortgages

If you watch much TV at all, you’ve likely seen the ads saying how wonderful reverse mortgages are.  It’s easy to see how seniors can be lured into thinking they’re basically free money to do with as they please.  While there can be merits to reverse mortgages (you can even purchase a home with one), there are just as many pitfalls that have the potential to cost someone their home.  Read about it here:

Seniors Warned to Be Careful with Reverse Mortgages.

As usual, send your questions my way and I’ll post an answer for you.

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About Bob Gilbert, GRI

Realtor with Edina Realty, Prior Lake, MN
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