Reverse Mortgage Dangers
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- $6.99
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- $6.99
Publisher Description
Licensed Loan Originator Jim Anderson has participated directly in the reverse mortgage industry hands-on for over ten years and come to some very startling conclusions. Risking his career to help seniors to avoid making a very costly mistake, he has written Reverse Mortgage Dangers. in an effort to warn seniors. Seldom are senior citizens given all of the possible negative implications of this “free no-risk money”, and of the many pitfalls they must seriously consider before committing to a Reverse Mortgage. “Sometimes a reverse mortgage is a good idea, but most often it is not”, declares Anderson. He explains to senior citizens the pros, cons, pitfalls, drawbacks and disadvantages of this poorly-understood financial instrument. This unique book explains the many problems of this highly-touted “safe and secure free seniors’ money” , and covers scams and frauds and many other problems. Is a reverse mortgage ever a good idea? What facts must a senior learn? Is it a banking scheme or a government blessing? This unique fact-filled book has all the answers.
Customer Reviews
The boogeyman is out to get you!
With so many books and articles claiming reverse mortgages are the best thing since sliced bread, a book pointing out the negatives is a great idea. Unfortunately, this book fails.
Instead of real-world examples of why a reverse mortgage might be a poor choice, most of its 95 pages are wasted indicting loan originators for collecting commissions, and positing a future government that might mandate throwing seniors out of their homes.
The message to "just say no" might be valid, but the rationale used in this book doesn't support it.