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What is a reverse mortgage? Is it more than a loan program for those who are “house-rich, but cash poor?” How does the “non-recourse feature” protect homeowners and their heirs? Can the available line of credit and its growth rate be used for insurance and financial planning purposes?
This book answers these questions and many more in a user-friendly way and is the most comprehensive educational tool available on reverse mortgages. It should be read by baby boomers, retirees, heirs, financial planners, housing counselors, HECM counselors, Realtors®, brokers, financial journalists, mortgage professionals, estate planners, and of course all homeowners who want greater assurance that they can comfortably grow older in their own homes.
ASIN : B0CTR2VSL9
Publisher : Independently published (Feb. 1 2024)
Language : English
Paperback : 143 pages
ISBN-13 : 979-8878147064
Item weight : 200 g
Dimensions : 15.24 x 0.84 x 22.86 cm
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5 reviews for Understanding Reverse: Simplifying the Reverse Mortgage
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Stellar Edge Realtor –
One of easier reads if have a basic understanding. Good book to cover the subject simply.
Irene Smyth –
Great book and explains reverse mortgages clearly
Terri Duncan –
“Understanding Reverse” is the best guide to HECMs out there. This book is for everyone in the Reverse industry from beginner to advanced, as well as a great tool for anyone considering a reverse mortgage for themselves.It covers every topic pertaining to HECM’s in short two-page chapters that are simple to comprehend and absorb. If you want to learn about reverse mortgages, this book will help you become an expert!
Michael Friedman –
This is an excellent presentation/understanding of the Reverse Mortgage program and how homeowners can benefit from a reverse mortgage. Whether your home is free and clear or you have a current mortgage balance, this book gives you a clear understanding of why a reverse mortgage may be an alternative funding solution for you.
Amazon Customer –
If you want to learn about Reverse Mortgages, then you need this book. The Author is a subject expert whom takes complex scenarios and makes it easy to understand. The chapters are short making the book easy to navigate.