In an article on the recent legislative changes affecting reverse mortgages, The Chicago Sun Times' Terry Savage made a couple of important points.
The fact that proceeds from a reverse mortgage are income tax free was hi lighted.
More importantly, Terry makes clear that reverse mortgages "had nothing to do with the mortgage mess..."
No news to those of us who sell nothing but reverse mortgages, but Kudo's to Terry for bringing this important point about the safety of reverse mortgages to the public's attention.
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I'm always available to answer your questions about reverse mortgages. Call me toll free at 877-308-1489.
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