Pros and Cons

  • July 22, 2015

Considering a HECM loan presents more of a quandary than most financial decisions for seniors.  The reason for that is simple.  The misinformation, myths and just plain lies about the program are astounding in content, quantity and availability.  It is so easy to dismiss the idea as dangerous when in fact it can be a real blessing if properly applied.  I have been involved in financial services and have offered many financial products for over 30 years now.  Nothing matches the incredible lack of accurate information associated with the HECM, or reverse mortgage, line of products.  OK I have vented, thanks!  Now I must say that there is improvement.  As financial planners, elder law attorneys, CPAs, real estate professionals and others “see the light”, there is more accurate information available.  When I see an article that gets it right I like to share it.  Please take a look here.