Reverse Mortgages for Dummies

by Sarah Glendon Lyons and John E. Lucas

Book Overview

For seniors who live on a fixed income, owning a home--and keeping it--can be financially challenging. Rather than face the choice of selling your home and moving or becoming a home-owning pauper, reverse mortgage products let seniors convert part of their equity into tax-free income that can be used for anything--even mortgage payments, living expenses, or medical costs. Reverse Mortgages For Dummies covers all the basics of reverse mortgage products...

• Format: Paperback
• Language: English
• ISBN: 0764584464
• ISBN13: 9780764584466
• Release Date: June 2005
• Publisher: For Dummies
• Length: 270 Pages
• Weight: 0.83 lbs.
• Dimensions: 0.6" x 6.2" x 9.2"

Customer Reviews

Great mortgage!

I bought and read this little book that is packed with excellent information and, as a result, got a reverse mortgage. The Cash now available to me has paid off some medical bills and made it possible to make some repairs on my home in preparation for the hurricane season. It's a fail safe way of converting equity in your home to cash that you can enjoy now, instead of giving all of it to your inheritors when you die. I recomment it enthusiastically.

So glad I bought this!

I bought this book with the idea that I was going to get a reverse mortgage and just wanted to read up before I took the idea to my broker. It actually showed me that a reverse mortgage was the wrong choice for me, and I'm so grateful that I read this book. I probably saved thousands of dollars! I got a different state loan that I'd never even heard of before this book and I know I made the right decision. If you're considering a reverse mortgage BUY THIS BOOK! You'll be glad you did.

Right on the Money

I saw this book in a listing in the Wahington Post of the 10 best real estate book this year and bought it as a gift for my aunt and for my wife's aunt and uncle. I've been flipping through it and I'm really impressed with the level of information in this book. It's easy to read, and I think even our 70-something relatives will be able to understand the concepts. What we liked best about it is that it doesn't talk down to you, and offers many resources unaffiliated with the book for extra help. I would highly recommend this book.

helpful and unbiased

I bought this book for my mother, and although I had to go through it with her, it made the whole concept of reverse mortgages so much easier for both of us to understand. i thought i had done my homework, but this book cleared up some misconceptions i had, and taught me a lot about the loan and it's pros and cons without trying to sell me on getting one. it also put my mind at ease about repaying the loan and what would be left for me and my siblings, and gave us something to think about in terms of making arrangements for our mother's future. It's definitely the best source on the subject that i've found yet.

Great Information...

This book is full of great information for Seniors... It is so easy to follow... I will recommend it to all of my friends...