Philadelphia Weekly

REAL ESTATE

Reverse mortgage safeguards overwhelm consumers

With more choices come more trade-offs

By Inman News Feed

Add Comment | Comments: 0 | Posted Aug. 22, 2012

Reverse mortgage rates and fees have come down. Fixed-rate programs are now in place. There is no other product where greater care is given, more counseling is mandatory and more questions are answered before anything is done. If a person outlives the value of the home, they can still remain in it.

In a world where the average person cannot afford a retirement-living community, why make it more difficult to help them get the funds to stay put?

Tom Kelly's new e-book, "Bargains Beyond the Border: Get Past the Blood and Drugs: Mexico's Lower Cost of Living Can Avert a Tearful Retirement," is available online at Apple's iBookstore, Amazon.com, Sony's Reader Store, Barnes & Noble, Kobo, Diesel eBook Store, and Google Editions.