#101The Truth About Reverse Mortgages

Money Matters With Dino

If you’re at least 62 years old and have significant equity in your home, you might be considering a reverse mortgage loan and be wondering if it's the best option for you. You may be thinking things like, "Will my children have any inheritance if I get a reverse mortgae?" or even "Would I still own my home?"

On this episode Dino Katsiametis had the pleasure of interviewing reverse mortgage experts Robert & Renee Trommler. This insightful look into the advantages to retiring with a reverse mortgage, dispells many of the myths surrounding this type of loan. Here is sample of just a few of the questions that were answered during the show:

1. What are the differences between a reverse mortgage and a home equity loan?

2. What are the Qualifications someone needs to get a Reverse Mortgage?

3. What are the benefits of a Reverse Mortgage?

4. What is the biggest challenge to putting a Reverse Mortgage into place?

5. How much money can you get from a Reverse Mortgage? Can you take the full amount of your home’s worth?

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