Wisconsin Reverse Mortgage Seminar
part 7Exactly how "safe" is the reverse mortgage?
Reverse mortgages are a very safe income
option for the senior homeowner.
- Borrower(s) name remains on title
- Debt owed on loan does not pass to heirs
- Borrower will never owe more than the
loan balance or value of the property, whichever is less
- Strictly regulated by the Department of
Housing and Development and
industry associations like AARP and NRMLA (National Reverse Mortgage
Lenders Association)
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