Comments on: Beware of Reverse Mortgages http://www.myloansconsolidated.com/2009/07/01/beware-of-reverse-mortgages/ Student Loans | Debt Consolidation | Economic Forecast | Personal Finance Sat, 04 Sep 2010 18:31:43 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Interior Designing Blog http://www.myloansconsolidated.com/2009/07/01/beware-of-reverse-mortgages/comment-page-1/#comment-3687 Interior Designing Blog Thu, 02 Jul 2009 11:56:00 +0000 http://www.myloansconsolidated.com/?p=1445#comment-3687 @ Bill Mantooth.. I agree with you that there ts no particular solution to this but the author has also mentioned some valuable points. @ Bill Mantooth.. I agree with you that there ts no particular solution to this but the author has also mentioned some valuable points.

]]> By: Bill Mantooth http://www.myloansconsolidated.com/2009/07/01/beware-of-reverse-mortgages/comment-page-1/#comment-3685 Bill Mantooth Wed, 01 Jul 2009 15:55:12 +0000 http://www.myloansconsolidated.com/?p=1445#comment-3685 Most of your information is accurate, but you are missing some very key information. It is obvious you have a little knowledge about reverse mortgages and are completely against them. As in most cases though, you have conveniently put a negative spin on your post. You don't even mention how a reverse mortgage can and has significantly improved the lives of many seniors homeowners. You say that costs are as high as ever which is completely false. You talk about alternatives, but give no actual options. You failed to mention that these options often require borrowers to prove they have the wherewithal to repay the additional debt. Not the case with reverse mortgages. I am very glad to see that you recommend finding a reputable company to investigate your options for a reverse mortgage. There are a lot of "mortgage brokers" out there working part time in the reverse mortgage space and they do not even understand the program themselves. They are just trying to make a quick buck. Beware smart and get all of the facts - both positive and negative. Most of your information is accurate, but you are missing some very key information. It is obvious you have a little knowledge about reverse mortgages and are completely against them. As in most cases though, you have conveniently put a negative spin on your post. You don’t even mention how a reverse mortgage can and has significantly improved the lives of many seniors homeowners.

You say that costs are as high as ever which is completely false. You talk about alternatives, but give no actual options. You failed to mention that these options often require borrowers to prove they have the wherewithal to repay the additional debt. Not the case with reverse mortgages.

I am very glad to see that you recommend finding a reputable company to investigate your options for a reverse mortgage. There are a lot of “mortgage brokers” out there working part time in the reverse mortgage space and they do not even understand the program themselves. They are just trying to make a quick buck.

Beware smart and get all of the facts – both positive and negative.

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