Reverse mortgage myths are everywhere but what’s the truth? In this episode, we bust the 10 biggest misconceptions about reverse mortgages, from homeownership and costs to heirs and retirement planning.Thinking about a reverse mortgage but worried about the risks? We separate fact from fiction and explain what homeowners and seniors really need to know. Whether you’re exploring options for retirement income, considering how to leave your home to heirs, or just curious about how reverse mortgages work, this episode gives you clear, honest answers.🔑 What you’ll learn in this episode:• [00:01:26] Myth #1: If I get a reverse mortgage, I’ll lose my home• [00:02:00] Myth #2: Reverse mortgages are only for desperate or poor homeowners• [00:03:16] Myth #3: I can’t get a reverse mortgage if I have bad credit• [00:04:00] Myth #4: The bank will own my home after a reverse mortgage• [00:05:00] Myth #5: Reverse mortgages have extremely high fees and hidden costs• [00:06:00] Myth #6: My heirs will be stuck with the debt after I pass away• [00:07:44] Myth #7: Reverse mortgages are only for people who are broke• [00:08:10] Myth #8: I can’t leave my home to my children if I take a reverse mortgage• [00:08:31] Myth #9: You need to own your home free and clear to qualify• [00:09:38] Myth #10: I must have my house fully paid off to get a reverse 👉 Subscribe for more real estate insights, homeowner tips, and retirement strategies.Get FREE access to Homebot to track your home's value: 🔗 https://hmbt.co/HZmjRn💡 Thinking about making a move? We're here to help you get in position and make the most of this opportunity. To get a personalized game plan for your specific situation, reach out to us.Click here to schedule a consultation: 🔗 https://forms.gle/9Q2G3a2t7PZnYqMR8Contact Info:Angela DillmonThe Dillmon Group of Keller Williams Realty Chesterfield📞 (314) 277-7713📧 [email protected]🔗 https://adillmon.kw.com/Glen CalvinGuild MortgageBranch Manager | NMLS #742330📞 (314) 249-2861📧 [email protected]🔗 https://branches.guildmortgage.com/mo/chesterfield/glen-calvin-714-cngca.html

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