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The Top 6 Objections to Reverse Mortgages

Money Talks News Logo By Tricia Drago of Money Talks News | Slide 1 of 7: This story originally appeared on NewRetirement. At NewRetirement we understand how hard it is to save enough cash for retirement. We hear awful stories of seniors suffering financially. However, many of you have paid off or paid down your mortgages and actually have substantial savings in your home equity. If you are rich in home equity but cash-poor, a reverse mortgage might give you the financial breathing room you need.  While a reverse mortgage is not right for everyone, sometimes the only thing holding us back from really looking at the product is a stronger understanding of how reverse mortgages work. By addressing some of the top objections that we hear about home equity conversion mortgages (also known as reverse mortgages), we hope to help our readers understand just how useful these loans can be in the right circumstances.  We invite you to do yourself a favor and approach this with an open mind, as some of these answers may surprise you! Following are the biggest reverse mortgage objections. It's not the usual blah, blah, blah. Click here to sign up for our free newsletter.

The Top 6 Objections to Reverse Mortgages

This story originally appeared on NewRetirement.

At NewRetirement we understand how hard it is to save enough cash for retirement. We hear awful stories of seniors suffering financially.

However, many of you have paid off or paid down your mortgages and actually have substantial savings in your home equity. If you are rich in home equity but cash-poor, a reverse mortgage might give you the financial breathing room you need.

While a reverse mortgage is not right for everyone, sometimes the only thing holding us back from really looking at the product is a stronger understanding of how reverse mortgages work.

By addressing some of the top objections that we hear about home equity conversion mortgages (also known as reverse mortgages), we hope to help our readers understand just how useful these loans can be in the right circumstances.

We invite you to do yourself a favor and approach this with an open mind, as some of these answers may surprise you! Following are the biggest reverse mortgage objections.

It's not the usual blah, blah, blah. Click here to sign up for our free newsletter.

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