Mortgage Facts. USA Today has 13 mortgage facts that might surprise youSelena Maranjian, The Motley Fool Nebraska is the rated highest among states for housing affordability. Vermont offers a good employment landscape for under-35 home buyers. Newslook These nuggets of knowledge are not only interesting, but they can save you many thousands of dollars, too,…
Read MoreLet us know and one of our experienced lending professionals will be happy to help you out.
**The owner(s) retain title to the property that is the subject of the reverse mortgage until the person sells or transfers the property and is therefore responsible for paying property taxes, insurance, maintenance and related taxes. Failing to pay these amounts or failure to maintain the condition of your property may cause the reverse mortgage to become due immediately. A reverse mortgage is a complex loan secured by your home. Whether such mortgage makes sense for you depends on your financial situation and needs. For these reasons, you are required to consult with a qualified independent housing counselor and include family members and other trusted advisers before making this decision. This information is not from HUD or FHA and was not approved by HUD or any government agency.
