How about these reverse mortgage products then? What do I think of them you may be asking? When people talk about reverse mortgages, they often have a lot to say about the product – even going so far as to say they like the idea or they don’t. This is bizarre considering the amount of rubbish written about both of the industries. Whilst a reverse mortgage can keep the wolves from the door when it comes to retirement, a mortgage or loan refinancing situation will leave you with monthly payments you may not be able to afford when the time comes to pay it back. With a reverse mortgage you can be sure that you won’t have to make any payments towards the remortgage during your lifetime. Check out the Bank of America for more info.
Nov 12