Questions I can answer:
Considering a reverse mortgage? These are just some sample questions I can discuss with you:
How does a reverse mortgage home loan work?
Is a reverse mortgage different from a traditional mortgage?
Are there any upfront costs and/or fees associated with a reverse mortgage?
What should I know about ongoing costs once I have a reverse mortgage?
Will a reverse mortgage loan affect my spouse or partner?
Can I sell my home once I have a reverse mortgage?
What happens to my home when I pass?
What if I move to a nursing home?
How do I receive the proceeds from my reverse mortgage?
Do I get the money as a line of credit, in monthly installments, or in a lump sum?
What happens to the mortgage on my house? How is it paid off?
What ongoing responsibilities will I have after my reverse mortgage?
What other options exist? What about a refinance or home equity line of credit (HELOC)?