Reverse mortgages can be a good tool, but potential borrowers should do their homework before getting one, says a real estate expert in a local NBC News segment based in San Diego this week. Following an article published in the New York Times, many recent news segments have focused on the pros and cons of reverse mortgages.
While the headline suggests not rushing into a reverse mortgage, contrary to the Times’ finding about dangers of borrowers losing their homes, the following segment provides a balanced approach to the product and the ways in which it can be useful.
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View the segment.
Written by Elizabeth Ecker