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The Reverse Mortgage Advantage: The Tax-Free, House Rich Way to Retire Wealthy! | 
 enlarge | Author: Warren Boroson
Publisher: McGraw-Hill
Category: Book
List Price: $21.95
Buy Used: $0.48
You Save: $21.47 (98%)
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Rating:  reviews
Media: Paperback
Edition: 1
Pages: 256
Number Of Items: 1
Shipping Weight (lbs): 0.8
Dimensions (in): 8.9 x 6 x 0.7
ISBN: 0071470727
Dewey Decimal Number: 332.722
EAN: 9780071470728
Publication Date: June 16, 2006
Availability: Usually ships in 1-2 business days
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Product Description
Financial Freedom You Can Only Get When You Hit 62! Whether you're exploring a reverse mortgage to finance a home improvement, pay off a current mortgage, pay for health care expenses, or generate monthly income to improve quality of living, you're one of the thousands of Americans age 62 and older who are turning to this lucrative way to build income. Simply put, with reverse mortgages you no longer pay the bank, the bank pays you. In The Reverse Mortgage Advantage, renowned real estate expert Warren Boroson presents a thorough examination of the ins and outs of this intriguing investment method. Boroson dispels any myths and puts crystal-clear focus on the pros and cons of reverse mortgages. With real-life case studies and practical examples, The Reverse Mortgage Advantage shows you how to: - Transform a “house-rich, cash-poor” situation into tax-free equity
- Choose between a lump sum, a line of credit, a monthly income, or a combination
- Find a reputable HUD-approved reverse mortgage counselor in your area
- Minimize setup fees and related charges
(20061208)
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| Customer Reviews:
 The Reverse Mortgage Advantage - for the "house rich and cash poor" September 5, 2007
James M. Diehl (Maryland)
1 out of 1 found this review helpful
Reverse mortgage is a loan made to a home owner-age 62 or older- against the equity in the home. It may be suitable for those who have much equity in their own home, want to live in the home until their death, and need cash to do this. But, they are also costly mortgages. This book is recommended for anyone considering this product either for one's self of for a parent. With lots of information and definitions, it describes what is out there and where to get more information. The book features the Department of Housing and Urban Development (HUD) Home Equity Conversion Mortgage (HECM) which is insured by the federal government, but also describes several "proprietary" products. The book goes well beyond its title and provides useful knowledge and suggestions for any senior who must manage limited resources. The author has considerable knowledge but tends to jump from topic to topic, often returning to points he made earlier. As a result, it is hard to find something in the book without reading the whole book. There are also occasional, though minor, mistakes. For example, 0.5 per cent is 50 "basis points" and not 5. You will be better prepared to consider and evaluate reverse mortgages after reading this book.
 Right from the horse's mouth! August 28, 2007
Ralph Clarke (River Forest, Illinois)
This book tells all you need to know about reverse mortgages, and does it with an engaging style and considerable humor. If you are considering a reverse mortgage, this is the book to read, for it is all here.
 Deja Vu October 1, 2006
A. Keller (Los Angeles)
2 out of 3 found this review helpful
I read Reverse Mortgages For Dummies a few months ago and, as an avid comparison shopper, wanted to make sure I had gotten the best book out there. When I picked up The Reverse Mortgage Advantage I had a sense of deja vu ... this is so much like the dummies book I thought it must have been written by the same author. It's not that this isn't a good book ... it's just that I already read it in the form of the dummies book. For a few bucks less and a more originality, I'll stick with the dummies version.
This is the one to buy August 11, 2006
Reader (Wisconsin)
6 out of 6 found this review helpful
This is a great little book -- it not only offers solid information, but it does so by way of easy-to-understand illustrations recounted with good humor. I gave the book to my parents, who are considering a reverse mortgage, and they said it helped them to understand their options far better than the consultant to whom they'd been talking and the seminar through which they'd attempted to stay awake.
GREAT BOOK! July 13, 2006
J. MC BRIDE (NEW JERSEY)
5 out of 5 found this review helpful
I didn't know anything about reverse mortgages so I bought this book. I am thrilled with it! The author explains everything in such a simple manner that you can easily understand everything you need to know to make an informed decision. You will not be disappointed in his book!
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