The current economic recession has caused many seniors to worry about making ends meet. As retirement savings dwindle, a reverse mortgage can be a life saver. Reverse mortgages offer the opportunity to tap into your home's equity without having to pay back the loan until the house is sold or the home owner dies. But reverse mortgages come with hefty fees, high interest rates and are often sold by aggressive salespeople who push inappropriate financial products on vulnerable seniors. 

If you are considering taking out a reverse mortgage or have a parent or family member who is, don't fall for a pitch from a salesman who cares more about a lucrative commission than determining whether a reverse mortgage makes sense for you. To learn more about reverse mortgages, check out resources at AARP and HUD. 

Need a referral to a reputable lender who will give you straight answers concerning reverse mortgages? Give us a call. We know the best!!