Myth #1:
- You lose your home
Fact:
- You retain the title to your home
Myth #2:
- It’s only for broke people
Fact:
- Many retirees use reverse mortgage
Myth #3:
- It’s free money
Fact:
- It’s a specialized loan
Myth #4:
- My equity is safe
Fact:
- Your equity is subject to the housing market
Myth #5:
- It’s not a safe program
Fact:
- FHA insured reverse mortgages are fully guaranteed
Jan Jordan is a Reverse Mortgage Specialist serving the Fort Collins, Loveland, Greeley, and Front Range areas of Colorado. Click here to contact Jan and learn if reverse mortgage is right for you.