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Some Reverse Mortgage Problems to Stay clear of

There was a time when reverse mortgages were frowned upon by financial experts. Increasingly though, such loans have gained acceptance as a good source of tax-free income. Still, not everyone is convinced. For as the number of applicants for these types of loans have grown so too has the number of crooks. “Follow the money” [...]

Some Details Relevant to Reverse Mortgages

In the year 1961 only a few people had ever heard of a reverse mortgage. That’s because prior to 1961 they didn’t exist. Then, a loan originator named Nelson Haynes and his employer Deering Savings & Loan changed everything when they extended a reverse mortgage loan to a widow in Portland Maine. The rise in [...]