Reverse Mortgages For Dummies |  | Authors: Sarah Glendon Lyons, John E. Lucas
Publisher: For Dummies
Category: Book
List Price: $16.99
Buy Used: $0.04
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Seller: bookrascal
Rating:  20 reviews
Sales Rank: 233711
Media: Paperback
Pages: 285
Number Of Items: 1
Shipping Weight (lbs): 0.8
Dimensions (in): 9.1 x 6.1 x 0.7
ISBN: 0764584464
Dewey Decimal Number: 332.722
EAN: 9780764584466
ASIN: 0764584464
Publication Date: June 24, 2005
Availability: Usually ships in 1-2 business days
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| • | ISBN13: 9780764584466 | | • | Condition: USED - Very Good | | • | Notes: BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed |
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Product Description
For seniors who live on a fixed income, owning a home—and keeping it—can be financially challenging. Rather than face the choice of selling your home and moving or becoming a home-owning pauper, reverse mortgage products let seniors convert part of their equity into tax-free income that can be used for anything—even mortgage payments, living expenses, or medical costs. Reverse Mortgages For Dummies covers all the basics of reverse mortgage products so you and your adult children can understand and take full advantage of these handy loans—and keep the home you love. Covering a full range of reverse mortgage options and topics, you’ll discover how to: - Decide if a reverse mortgage is right for you
- Shop for the best reverse mortgage products
- Find out if your home is eligible
- Find a counselor who can help you
Written by Sarah Lyons, an Assistant Editor at Mortgage Originator magazine, and John Lucas, an experienced reverse mortgage specialist, Reverse Mortgages For Dummies explains these helpful loan products in simple, easy-to-understand language free of all the jargon. Once you understand how reverse mortgages differ from other loans—and what you could do with your reverse mortgage—the book covers the specifics you need to find the right loan for you, including: - Special advice for adult children helping their senior parents secure a loan
- How to get a reverse mortgage and keep your second home legally
- Property requirements and financing fees
- Selecting among a multitude of lenders
- Spending and estimating leftover equity
- Sharing the decision-making process with family and loved ones
If you’re a senior wondering whether a reverse mortgage can help you keep your home, this book gives you the information you need to make smart, informed decisions that are vital to you, and your family’s, security. Reverse Mortgages For Dummies will help you keep your home and live the life you want.
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| Customer Reviews:
Showing reviews 1-5 of 20
 helpful and unbiased July 5, 2005
v. macarthur (allentown, pa)
13 out of 13 found this review helpful
I bought this book for my mother, and although I had to go through it with her, it made the whole concept of reverse mortgages so much easier for both of us to understand. i thought i had done my homework, but this book cleared up some misconceptions i had, and taught me a lot about the loan and it's pros and cons without trying to sell me on getting one. it also put my mind at ease about repaying the loan and what would be left for me and my siblings, and gave us something to think about in terms of making arrangements for our mother's future. It's definitely the best source on the subject that i've found yet.
Right on the Money December 14, 2005
Allen Roth (Los Angeles, CA)
8 out of 8 found this review helpful
I saw this book in a listing in the Wahington Post of the 10 best real estate book this year and bought it as a gift for my aunt and for my wife's aunt and uncle. I've been flipping through it and I'm really impressed with the level of information in this book. It's easy to read, and I think even our 70-something relatives will be able to understand the concepts. What we liked best about it is that it doesn't talk down to you, and offers many resources unaffiliated with the book for extra help. I would highly recommend this book.
Bravo!! June 29, 2005
C. Bailey
10 out of 11 found this review helpful
What a breath of fresh air!! Finally, someone who can articulate the advantages of reverse mortgage in terms that my mother (senior citizen), and I, (not senior citizen), can understand. The insight and information that this book contains is priceless. I am going to recommend this book to ALL of my friends!!
M. Bailey
Great Information... June 29, 2005
S. D'Amico (Laguna Niguel, CA USA)
7 out of 7 found this review helpful
This book is full of great information for Seniors... It is so easy to follow... I will recommend it to all of my friends...
Great mortgage! July 11, 2006
Paul Keene (Orlando, FL)
6 out of 6 found this review helpful
I bought and read this little book that is packed with excellent information and, as a result, got a reverse mortgage. The Cash now available to me has paid off some medical bills and made it possible to make some repairs on my home in preparation for the hurricane season. It's a fail safe way of converting equity in your home to cash that you can enjoy now, instead of giving all of it to your inheritors when you die. I recomment it enthusiastically.
Showing reviews 1-5 of 20
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