Remember, if a mortgage sounds too good to be true, it can be a scam.
Lenders will always get their money out of you, no matter how sweet the terms sound.
You have to consider carefully all the ramifications of a reverse mortgage. Eventually the bank will own your home, so you have to make sure that the income will last long enough for you not to run into a problem. Read the rest of this entry »
Tags: Bad Credit Mortgage, Private Second Mortgage, Mortgage Refinance, Second Mortgages, reverse mortgage, sales tax, second mortgage with reverse loans