Reverse mortgages are not great for everyone, but it can be for the right person. Today Joe welcomes back Bill Benson, our reverse mortgage expert, to explain if this product could be right for you. Specific topics include:
• What is a reverse mortgage and how is it different from a regular mortgage
• What can you do with a reverse mortgage?
• Reverse mortgage requirements
• Loan to value amounts
• Why reverse mortgages have a bad rap
• How long is a reverse mortgage good for?