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Reverse Mortgages For Dummies covers all the basics of reverse mortgage products so you and your adult children...
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.
Part 1: Understanding the Basics of a Reverse Mortgage.
Chapter 1: Figuring Out the Reverse Mortgage Basics.
Chapter 2: Deciding Whether a Reverse Mortgage Is Right for You.
Chapter 3: Having the Right Stuff: Borrower Qualifications.
Chapter 4: Repaying Your Loan.
Part II: Going Shopping: Product Options.
Chapter 5: Following the Crowd: The Home Equity Conversion Mortgage.
Chapter 6: Figuring Out the Fannie Mae Home Keeper Loans.
Chapter 7: Jumping into Jumbo Cash Accounts.
Part III: Taking the Plunge.
Chapter 8: Taking the First Step: Seeing a Counselor.
Chapter 9: Working on Step Two: Your Originator.
Chapter 10: Going Forward with Step Three: Getting Appraised.
Chapter 11: Sealing the Deal with Step Four: Closing.
Part IV: Giving Advice for Adult Children.
Chapter 12: Supporting Your Parents.
Chapter 13: Knowing the Impact of a Reverse Mortgage on Your Inheritance.
Chapter 14: Getting Durable Power of Attorney.
Part V: The Part of Tens.
Chapter 15: Top Ten What Ifs When Considering a Reverse Mortgage.
Chapter 16: Ten Resources for Securing a Reverse Mortgage.
Chapter 17: Ten Common Mistakes Borrowers Make.
Posted January 31, 2012
Posted July 5, 2005
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's definitely the best source on the subject that i've found yet.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.