Harlan, KY | mn_feeder - 2/25/2021 12:41
the reason to not do a reverse mortgage is the higher fees and higher rates on the loan than say a traditional mortgage or HELC.
if you want to monetize the equity in your home, generally a reverse mortgage is one of the most expensive ways to go about it.
Intrest is easy to compute as company profit for heloc and traditional mortgage. How are they making more from this than traditional methods? |
Reverse Mortgage- why do one?
