Tue 26 Aug 2008
Interest Only II: Rise of the Reverse Mortgage
Posted by Antone Roundy under Issues/ProblemsNo Comments
Have you seen the ads lately for “reverse mortgages”? Have you wondered what they are? They sounded pretty suspicious to me, so I did a little searching.
At first glance, I thought I was seeing the reincarnation of the interest only loan as a “not even interest loan”, but (while that is essentially what it is) [...]

