Reverse Mortgage Misconceptions – Installment 4.

The next installment of…

Reverse Mortgage Misconceptions

4. If you fail to make payments it could result in eviction

This is one of the most common misconceptions when it comes to reverse mortgages. Unless you choose otherwise, a reverse mortgage does not require any monthly payments, which means you never have to worry about missing a payment!

Now, that’s something to smile about!