Reverse Mortgages—No Longer the Questionable Financial Tool of the Past | Guiding You Forward
We all know what a mortgage is, but what about a reverse mortgage? In this podcast episode, Heather Wasden, mortgage officer at Mountain America Credit Union, walks us through how a reverse mortgage can be a useful tool and clarifies common misconceptions. It could be just the thing that you or a loved one is looking for.
Watch the video and learn:
- How a reverse mortgage can be a useful tool.
- Common misconceptions about reverse mortgages.
- What you need to qualify for a reverse mortgage.
Reverse mortgages may not be for everyone, but for seniors over the age of 62, they may be the best option. Whether you can no longer afford a mortgage payment, need additional income or just want to have some extra money, Heather explains how to tap into the equity of your home using this financial tool.
Many people have reservations about reverse mortgages. Most of them come from outdated information. Heather shares the facts to help you decide if this is a good option for you or a loved one.
Heather also explains the three things you’ll need to **qualify for a reverse mortgage** as well as some of the benefits that come along with one.Check out this podcast video to get more of your questions on reverse mortgages answered.
