Overview

Reverse Mortgage Risks is a complete carefully-researched dissertation on the pros, cons, downsides and disadvantages of a Reverse Mortgage. Often touted in commercials by paid celebrity announcers as the greatest product ever created for senior citizens, it is anything but that. There are many catches that are seldom revealed up front, and the many supposed myths about Reverse Mortgages turn out to be ugly facts! For anyone contemplating actually doing a Reverse Mortgage, the author suggests that they do so in a hurry or risk disappointment. The government, because of the many unintended consequences of Reverse Mortgages (such as a large number of foreclosures) is contemplating soon making many changes that may drastically reduce the amount of cash a senior will be able to access. The author wrote this book to be a fundamental reference manual on Reverse Mortgages. It is not only a must-read for seniors, but also for their adult children as well. It is even suggested that Loan Originators, who often know only what the lenders for whom they work want them to know, should also read this book. Financial Planners, many of whom are clueless about the risks inherent in Reverse Mortgages, should study this book in detail. So might any attorney or accountant who might be asked by a client about the Reverse Mortgage product.

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9781893257016

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J. Burton Anderson has spent decades in the lending and real estate industries. For years he specialized in offering Reverse Mortgages to seniors. Through years of face-to-face client interviews, and extensive industry research, he has documented the many possible risks a senior faces when they decide to accept a Reverse Mortgage. He is the author of over thirty non-fiction books. Burt once had an article published in Leaders Magazine which is sent only to heads of state and corporate CEOs. A senior himself, he believes this book can save many seniors from making what could be the greatest financial mistake of their lives .....signing up for a Reverse Mortgage.

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