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The Pros, Cons, Downside and Disadvantages
The Pros, Cons, Downside and Disadvantages
Danger Of Pro Reverse Mortgage Dangers: The Pros, Cons, Downside and Disadvantages Paperback – June 26, 2012
Mortgage matters are a prime driver of today’s economy. Getting a
mortgage with favorable terms is the goal of almost every American. Jim
Anderson has been a licensed Mortgage Loan Originator in his own
mortgage company for fifteen years, specializing in Reverse Mortgages. A
graduate of The Real Estate Institute, he has taught the nuances of
different types of mortgages as a major Realtor- Board
Education-Chairman. A published author since 1970, he has written
dozens of books and articles and was published in the prestigious
Leaders magazine sent to Heads of State and corporate CEOs. He
presently owns a mortgage refinancing company. His pet peeve is that
seniors in particular are often taken advantage of financially by
mortgage companies when discussing their home mortgage. He believes
that reverse mortgages in particular are sold to seniors as the “best
thing ever”, and are anything but. Risking his career to help seniors
avoid making a costly mistake, Anderson wrote Reverse Mortgage Dangers
as a daring warning. Seldom are senior citizens given all possible
negatives of this “free no-risk money”, and told the many pitfalls they
must seriously consider before signing anything. “Sometimes a reverse
mortgage is a good idea, but most often it is not”, declares Anderson.
He explains the pros, cons, pitfalls, drawbacks and disadvantages of
this poorly-understood financial instrument. This unique book explains
the many secrets of this highly-touted “safe and secure free seniors’
money” , covering scams, frauds, and other problems. Is a senior’s
reverse mortgage ever a good idea? Is it a banking scheme or a
government blessing? This unique fact-filled book has all the
remarkable useful answers. Residential mortgages of the “forward”
variety have for years led the market. But as our population ages, and
more individuals reach the magic “62 years” switching out of
conventional loans to home equity conversion loans (HECMs) has become a
major financial planning tool. Getting a mortgage of any type requires
serious study and comparison shopping. Mortgage brokers are not created
equal! Mortgage loans come in all flavors. Morrtgage payments can
vary greatly. Mortgage related issues will always be of primary
importance to every consumer seeking the American dream.
The Pros, Cons, Downside and Disadvantages
