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This report provides an overview of their design and how they work. It is important to know that a reverse mortgage is simply another financial instrument, nothing more and nothing less. In order to do this it is important to understand them in more detail to eliminate false assumptions.
Description
COMING SOON: PRE-ORDER NOW!
Over the past couple of decades there has been considerable interest in reverse mortgages. Too many, they are viewed as a tool of last choice. As time progresses reverse mortgages likely will become a more popular financial tool because many Americans have not been able to save enough money for retirement. For the middle class I can see them even becoming a “boutique” financial planning instrument which can be used in a variety of ways.
This report provides an overview of their design and how they work. It is important to know that a reverse mortgage is simply another financial instrument, nothing more and nothing less. In order to do this it is important to understand them in more detail to eliminate false assumptions.
The proponents of reverse mortgages, like anyone selling “a product”, will elaborate on all the positives. This report delves into one other consideration which is normally not considered and is ignored in most financial advice – that is the true cost and the lost opportunity cost associated with starting a reverse mortgage early instead of waiting until it is going to be used.
Finally an example situation will be presented where a financial celebrity provides advice regarding a reverse mortgage when it is obvious he knows very little about the subject. It will heighten your own awareness to seek advice from individuals who have expertise in this area.
