Why I got involved

Reverse Mortgages have existed for decades; however the mortgages themselves have undergone many transformations along the way. These changes have made reverse mortgages a safe and secure tool to aid in your retirement lifestyle, but reverse mortgages of the past often had significant costs and risks associated with them. While those costs and risks have been mitigated, many seniors today have lingering misconceptions about reverse mortgages that often prevent them from using this financial tool even when the reverse mortgage may be a good solution for them. When Reverse My Mortgage, LLC (RMM) approached me about a public awareness campaign and sponsorship of these mortgages I was intrigued and researched the details surrounding them. I found I had many misconceptions of reverse mortgages myself and decided to join forces to get the word out. In today’s market where so many seniors have lost their savings and retirement funds safe and secure resources such as reverse mortgages are needed to provide a better lifestyle for many of us. Knowing the facts will help you determine the best resources for you and your loved ones.

This website is largely focused on education surrounding the truth and myths of this financial tool and to assist you in learning the real facts about reverse mortgages. The myths outlined in this website address some of the most common concerns voiced by seniors today about reverse mortgages. You will likely find that you have additional questions after reading it. Meeting with an advisor can help answer all your questions. I chose to learn from an advisor at Reverse My Mortgage based on their back-ground and expertise in the area, as well as their track record for treating customers with respect while giving sound advice. Reverse My Mortgage is led by two of the key founders of the Utah Association of Mortgage Brokers and its first two presidents. The RMM loan advocates are professional reverse mortgage loan officers screened and handpicked by the leaders of the company, they are located close to you so you can meet your advocate face to face rather than relying on a stranger over the phone.

While reverse mortgages are a safe and secure tool that will benefit many, it is not the right solution for all. It is important that you spend time learning the facts and look carefully at both the benefits and drawbacks of these loans. Your RMM advocate is there to help inform you of your options. This website will outline the major benefits and drawbacks of the reverse mortgage, but be sure to ask questions and know fully what these loans can and cannot do for you.

Dick Nourse

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