Which is the Right Way to Cash Out of Reverse Mortgage

by Mulroony Vanrock

A senior gentleman called me last Friday. He wanted to discuss reverse mortgage options, in particular he wanted to know a dollar figure we might loan on his home given it’s current value.

I pulled out my supercomputer, punched in the numbers and out popped about $130,000. He said, “let’s do it”. So, what he wants to do with the ..read more