This is a useful but somewhat dated book on reverse mortgages. It was published in 2005.
- Decide if a reverse mortgage is right for you
- Shop for the best reverse mortgage products
- Find out if your home is eligible
- Find a counselor who can help you
Written by Sarah Lyons, an Assistant Editor at Mortgage Originator magazine, and John Lucas, an experienced reverse mortgage specialist, Reverse Mortgages For Dummies explains these helpful loan products in simple, easy-to-understand language free of all the jargon. Once you understand how reverse mortgages differ from other loans—and what you could do with your reverse mortgage—the book covers the specifics you need to find the right loan for you, including:
- Special advice for adult children helping their senior parents secure a loan
- How to get a reverse mortgage and keep your second home legally
- Property requirements and financing fees
- Selecting among a multitude of lenders
- Spending and estimating leftover equity
- Sharing the decision-making process with family and loved ones
If you’re a senior wondering whether a reverse mortgage can help you keep your home, this book gives you the information you need to make smart, informed decisions that are vital to you, and your family’s, security. Reverse Mortgages For Dummies will help you keep your home and live the life you want.
From the Back Cover
Fully explains how reverse mortgages work. With special advice for the adult children of seniors. Reverse mortgages are a great way for you to keep your home, even on a retiree’s fixed income. But with so many loan options, where do you start? Relax! This friendly guide covers all the basics so you and your adult children can understand and take advantage of these handy loans — and keep the home you love.Discover how to
- Decide if a reverse mortgage is right for you
- Shop for the best reverse mortgage products
- Find out if your home is eligible
- Walk through each step of the process with confidence
- Find a counselor who can help you