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Irwin Law
Irwin Law, Attorney
Category: Business Law
Satisfied Customers: 7088
Experience:  30+ yrs. representing small business, real estate, probate
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I'm interested in a reverse mortgage.Are the terms that are

Customer Question

I'm interested in a reverse mortgage.Are the terms that are offered by the banks competitive also what are the pros and cons?
Submitted: 1 year ago.
Category: Business Law
Expert:  Irwin Law replied 1 year ago.

There are boucoup private reverse mortgage lenders who advertise better rates than HUD back deals. Therefore, it might pay to shop around for competitive programs. Here is a website that offers comparisons. Happy shopping. http://www.consumeraffairs.com/reverse-mortgages/ Be sure that the appraised values are what you think they should be.

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