What You Don't Know About Reverse Mortgages
May 29, 2018 12:00 PM
Norman Williams
What You Don't Know About Reverse Mortgages

For most people, their home is the largest personal financial investment they will ever make. Many folks will spend decades paying off their mortgage, never realizing they could tap the equity they’ve built up in their homes to help make their golden years more enjoyable.

This is done through a reverse mortgage, which is available to homeowners who are at least 62 years old. The loan taps your home’s equity, and the bank gives you the money either as a lump sum, a line of credit or a monthly draw.

According to Norman Williams, President of Senior Reverse Mortgage Services, Inc., who took out a reverse mortgage on his own home, there are false and misleading misconceptions being told about reverse mortgages.

In his talk, “What You Don't Know About Reverse Mortgages," your members will learn:

  • The pros and cons of reverse mortgages
  • How to recognize a reverse mortgage scam
  • How they can turn the equity in their home into a life-long income stream