HECM

Beware of Pitfalls with Reverse Mortgages 

Responding to a reader question, Laura Rowley, writing for AOL Daily Finance, warned that reverse mortgages are "complicated, expensive and ripe for abuse." The question from the reader asks about reverse mortgages because their are so many financial planners pushing this sort of thing.  The response falls along the lines that reverse mortgages work for those seniors with little or no other options. It is yet another article that relates the fees associated with a reverse mortgage as "hefty," but without any type of comparison to the fees and benefits of other types of borrower.  Pointing to the mortgage