Reverse Mortgages For Dummies

Reverse Mortgages For Dummies

Product Type: Book

Product Price: $16.99

Manufacturer: For Dummies

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Description

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 so you and your adult children can understand and take full advantage of these handy loans—and keep the home you love. Covering a full range of reverse mortgage options and topics, you’ll discover how to:

Written by Sarah Lyons, an Assistant Editor at Mortgage Originator magazine, and John Lucas, an experienced reverse mortgage specialist, Reverse Mortgages For Dummies explains these helpful loan products in simple, easy-to-understand language free of all the jargon. Once you understand how reverse mortgages differ from other loans—and what you could do with your reverse mortgage—the book covers the specifics you need to find the right loan for you, including:

If you’re a senior wondering whether a reverse mortgage can help you keep your home, this book gives you the information you need to make smart, informed decisions that are vital to you, and your family’s, security. Reverse Mortgages For Dummies will help you keep your home and live the life you want.

Reviews

Rating: 5 / 5
Date: 2009-01-02
Summary: "Not a dummy anymore!"

This book really helped me grasp how I need to focus my finances when it comes to owning a home. The way Ms. Lyons wrote kept things on my level and was very easy to understand- I highly recommend for those who just need the facts without all the hoopla!

Rating: 3 / 5
Date: 2008-03-30
Summary: "Rev Mortgages"

The book was adequate, but not outstanding. It was very basic and was a good overview of the subject for a beginner. The service from Amazon was completely outstanding. Thanks.

Rating: 4 / 5
Date: 2007-11-22
Summary: "Reverse Mortgages for Dummies"

I'm a HUD Approved Reverse Mortgage Lender and my clients find me at [...]. Since they find me via the internet, I talk to people from all over the Country and explain to them how Reverse Mortgages work. I also provide them with a copy of Reverse Mortgages for Dummies (when possible). Even though the book is somewhat out of date now, it still contains the fundamental principles of Reverse Mortgages and helps them understand how this unique loan works. My goal is for them to be comfortable with the loan and respond to their questions after they've read the book. One of my recent clients from Alabama me his wife picked it up at the local bookstore and he started reading it when he went to bed and didn't finish until 5AM the following morning, he liked the book so much. His wife started reading it after breakfast and finished around supper-time.

Rating: 5 / 5
Date: 2007-10-14
Summary: "Reverse Mortgages for Dummies"

It it's typical style, this book goes through the reverse mortgage product.

This is an excellent book that explains the basics of reverse mortgages.

A must read for anybody considering a reverse mortgage

Rating: 4 / 5
Date: 2007-08-23
Summary: "Good Introduction to Reverse Mortgages"

This is a good primer in reverse mortgages. I have been frustrated in querying my CPA and other financial authorities on the subject of the Reverse Mortgage and this book helps answer most of the important questions. I didn't want to get an MBA by reading this book and so many of the books on the subject are too detailed for what the average homeowner needs. This one fills the bill.I'de recommend it.