This article dispels many common misconceptions about reverse mortgages.Source: Financial FreedomAug 13, 2007 (PRLog.Org) - Irvine, CA - August 8, 2007 - As reverse mortgages have continued to grow in popularity, so have a range of myths and misinformation about these unique loans. Fortunately, there's more and better information available today than just a few years ago. However, as seniors, the adult children of seniors and advisors are exploring reverse mortgages more than ever before, some old myths still linger and new myths have emerged. Let's take a look at some of the most common misconceptions and discuss the facts. 1.The bank takes the house OR the borrower can lose the house. With a reverse mortgage, the borrower retains title to the home throughout the life of the reverse...
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