There was a story about how reverse mortgages can lead to financial ruin that I found somewhat interesting - especially with the amount of seniors who are looking into getting an Arizona reverse mortgage. Will a reverse mortgage lead to financial ruin? According to Consumer Reports... maybe! From the story: Ads for reverse mortgages sound pretty enticing. Use the equity in your home … [Read more...]
Arizona Reverse Mortgage: What Is Loss Of Medicaid Eligibility?
If you are considering an Arizona reverse mortgage, be sure that you ask your loan officer about something called "Loss of Medicaid Eligibility". If he doesn't know what you are talking about, you might want to consider finding another loan officer. It is that important. Loss of Medicaid Eligibility: What Is It? With a reverse mortgage there are multiple ways to get your money. You can … [Read more...]