The Moving or Reverse Mortgage website is dedicated to helping seniors make informed decisions about reverse mortgages. We allow seniors to send in their thoughts, opinions and experiences on reverse mortgage. We do not try to edit or influence the articles we receive from seniors whether they are based on the pros or cons of reverse mortgage.
Reverse mortgage loans are specifically designed for seniors above 62 years. This form of loans reverses the equity of your home allowing you to access a steady form of income or an open line of credit or even both. With reverse mortgage loans a senior can take care of a number of expenses such as home renovation and repair, surgery and medical expenses, child’s education or any form of investment. The senior also gets to remain in his home without having to move.
However, reverse mortgages still has some disadvantages. The cost of accessing the loans, the high interest rates and the denying your heirs a valuable inheritance are just some of them. Still for many reverse mortgage loan provision is very beneficial and has helped them. For others it is just a sham and a bad choice to make. Whatever you personal views are, you can please share it with others so that they can benefit from your experience or opinion.
To have your opinion posted on this website you simply need to write it out and send it to us. Our editorial review board will go through it and if it is found satisfactory as something that would add value to others it would be published. As soon as it is published you will receive a mail informing you and a link to view the article.
If for any reason we reject the article you will be informed why and would be asked to edit and send it back to us. We do not edit or adjust any articles we receive. Articles should be a minimum of 250 words.