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Lydia Said:

How to best warn the public not to use Countrywide (part of B of A) for reverse mortgages?

We Answered:

You might want to file a complaint with the Better Business Bureau.

Ronnie Said:

where to get the best reverse mortgage??

We Answered:

Topcat,
Do not do it . Reverse mortgages have more fees , higher rates and more clauses than the Iraqi war.
visit DaveRamsey.com to learn what the banks will not tell you. Visit AARP.org to learn why the banks will win and you lose.Reverse mortgages have forced closure clauses , vacancy clauses that put you out of the house before you know it.

Kevin Said:

What is the best place to get a reverse mortgage?

We Answered:

You want to speak to multiple HUD approved reverse mortgage lenders who have experience. We have an excellent resource below.

Salvador Said:

Who offers the best reverse mortgage?

We Answered:

Before you worry about the price of a reverse mortgage, worry about the COST of a reverse mortgage. First and foremost they are not cheap. What happens is the balance of your mortgage reverse amortizes, meaning that the balance you owe gets larger and larger. Second, regardless of the rate of interest you pay each year you pay more in interest because the balance gets larger. If you want to be able to take cash out of your home and not have to pay it then fine, whoever gets the house when you die will have to deal with the balance. I'm not saying there bad just make sure you know what the numbers look like. By the way you must be at least 62 to qualify