Introduction : a very peculiar mortgage -- Reverse mortgages for total beginners -- Real people talk about their reverse mortgages -- Those scary stories you may have heard -- How much do you really know? -- Consider the interesting alternatives -- Are you the perfect customer? -- Where to get good, unbiased advice -- Decisions, decisions -- Choosing a mortgage : the HECM -- Choosing a mortgage : Fannie Mae home keeper -- Getting a mortgage : the jumbo cash account -- Looking for the right lender -- Getting a reverse mortgage : step by step -- Bringing down those high closing costs -- What to do with all that money -- What not to do with your money -- Time to repay the loan -- Advice for children of senior homeowners.
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Whether you're exploring a reverse mortgage to finance a home improvement, pay off a current mortgage, pay for health care expenses, or generate monthly income to improve quality of living, you're one of the thousands of Americans age 62 and older who are turning to this lucrative way to build income. Simply put, with reverse mortgages you no longer pay the bank, the bank pays you. In The Reverse Mortgage Advantage, renowned real estate expert Warren Boroson presents a thorough examination of the ins and outs of this intriguing investment method. Boroson dispels any myths and puts crystal-clear focus on the pros and cons of reverse mortgages. - Publisher.