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jacko9

Jack O.

Contributor Level

Total Points
272

2 Reviews by Jack

5/31/13

I think reverse mortgages are bad for most seniors. The fees and expenses are too high and there is too much risk they will lose their home. Any senior or family considering a reverse mortgage should read all these articles first:
http://money.usnews.com/money/blogs/On-Retirement/2012/12/11/5-reasons-to-avoid-a-reverse-mortgage
http://www.nytimes.com/2012/10/15/business/reverse-mortgages-costing-some-seniors-their-homes.html?pagewanted=all&_r=0
http://online.wsj.com/article/SB****************************564.html

5/30/13

I looked into one of these reverse mortgages for my mom and dad and did not like what I found. The fees are out of this world.

Jack Has Earned 12 Votes

Jack O.'s review of GreenLightReverse earned 3 Very Helpful votes

Jack O.'s review of ReverseMortgageDirect earned 2 Very Helpful votes

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