Reverse Mortgage Survival Guide: Explaining the Most Misunderstood Financial Product in Plain English by Rick Schluter

Reverse Mortgage Survival Guide: Explaining the Most Misunderstood Financial Product in Plain English

Book Title: Reverse Mortgage Survival Guide: Explaining the Most Misunderstood Financial Product in Plain English

Publisher: CreateSpace Independent Publishing Platform

ISBN: 1542819342

Author: Rick Schluter


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Rick Schluter with Reverse Mortgage Survival Guide: Explaining the Most Misunderstood Financial Product in Plain English

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It's a jungle out there. TV commercials with celebrity spokesmen make reverse mortgages sound wonderful. On the other hand, there are rumors that it's a scam, too good to be true, the bank will own your home, etc. You just don't know who to believe. Finally, there's a book that cuts through both the positive hype and negative misconceptions. Most books about reverse mortgages are either: 1) Very outdated, with incorrect information 2) Filled with complicated math and graphs 3) Just sales pitches to promote reverse mortgages This "survival guide" has no calculations, detailed analysis, quotes from financial experts, or "happy senior" stories. Just a plain-English explanation about the pros, cons, scams, misconceptions, lenders, options, and major changes that FHA has recently made to the program, including the new 2017 rules. The goal of this book is to educate seniors, their families, and advisors, so that they can make informed decisions. And if they decide that a reverse mortgage is right for them, the information contained within should help them to minimize their costs and maximize their chances for loan approval and long-term success.