REVERSE MORTGAGE LENDER REVIEWS & COMPLAINTS The reverse mortgage loans are specifical ly meant for pensioners With access to large number of reverse mortgage lenders, you should always look for the reverse mortgage lender reviews & complaints online to find the best deal that could save your thousands of dollars. The reverse mortgage loans are specifically meant for the pensioners as well as the retirees who are asset rich but they cash poor .So with the help of the lucrative reverse mortgage loan, people can actually convert the equity in their homes into the cash for any kind of the worthwhile purpose.
There is no minimum income criterion required to qualify as a burrower The interest is charged just like in case of all other types of loans but there is no minimum income criterion which is required to qualify. The amount of equity which can be released depends upon the age of the burrower and also on the value of the house that serves as the security. The good thing is that the burrower will be retaining the full ownership of the house and he can actually stay in the house as long as he wants. The reverse mortgages plans are becoming quite flexible these days and you should choose your lender only after reading the reverse mortgage lender reviews & complaints online to choose the most suitable reverse
mortgage plan.