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Om Reverse Mortgages For Dummies
For seniors who live on a fixed income, owning a home—andkeeping it—can be financially challenging. Rather than facethe choice of selling your home and moving or becoming ahome-owning pauper, reverse mortgage products let seniors convertpart of their equity into tax-free income that can be used foranything—even mortgage payments, living expenses, or medicalcosts. Reverse Mortgages For Dummies covers all the basics ofreverse mortgage products so you and your adult children canunderstand and take full advantage of these handy loans—andkeep the home you love. Covering a full range of reverse mortgageoptions and topics, you’ll discover how to:Decide if a reverse mortgage is right for youShop for the best reverse mortgage productsFind out if your home is eligibleFind a counselor who can help youWritten by Sarah Lyons, an Assistant Editor at MortgageOriginator magazine, and John Lucas, an experienced reversemortgage specialist, Reverse Mortgages For Dummies explainsthese helpful loan products in simple, easy-to-understand languagefree of all the jargon. Once you understand how reverse mortgagesdiffer from other loans— and what you could do with yourreverse mortgage—the book covers the specifics you need tofind the right loan for you, including:Special advice for adult children helping their senior parentssecure a loanHow to get a reverse mortgage and keep your second homelegallyProperty requirements and financing feesSelecting among a multitude of lendersSpending and estimating leftover equitySharing the decision-making process with family and lovedonesIf you’re a senior wondering whether a reverse mortgagecan help you keep your home, this book gives you the informationyou need to make smart, informed decisions that are vital to you,and your family’s, security. Reverse Mortgages ForDummies will help you keep your home and live the life youwant.