What reverse mortgage company should I work for?
What reverse mortgage company should I work for?
I’ve been looking into these a lot lately, but I’m having a hard time deciding what company to work with. Anyone work for one – or have a reverse mortgage – that they can recommend?
Best answer:
Answer by terry m
contact bill sloat in pasadena california
Add your own answer in the comments!
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No, but before you take one read everything about them on HUD.GOV and AARP. They can’t be undone so you are stuck with them for life.
Since you are young enough to use the internet you are too young to know your entire future. I won’t consider one before 85 because so much can happen between 62 and death. You could be widowed, remarry, decide to move to a warmer or cheaper place, move in with a SO, move in with the kids or not want a house and want to move to an apartment. With the reverse mortgage you won’t have as many choices since you have to pay off the debt before you can move.