Is The Interest Rate On A Home Equity Conversion Loan Competitive

Is The Interest Rate On A Home Equity Conversion Loan Competitive

This loan sounds too good to be true.  What is the catch?  
Am I going to get 'dinged' because I don't make an interest payment? 


Here are the basics:

  • one borrower must be a min of 62 years old

  • put as little as 40% down on your home

  • keep paying Taxes, Insurance and HOA

  • and never, never make a mortgage payment again.



Irene Hammond Headshot
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Phone: 602-400-0171
Dated: September 28th 2017
Views: 171
About Irene: ...

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