The Reverse Mortgage Advantage: The Tax-Free, House Rich Way to Retire Wealthy! [Paperback]

Warren Boroson (Author)

Book Description

Publication Date: June 16, 2006

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)

Editorial Reviews

Review

One of Robert Bruss'Top 10 Real Estate Books of 2006

“Virtually all the key aspects of senior-citizen reverse mortgages are thoroughly explained in this detailed but easy-to-read book that emphasizes the potential pitfalls as well as the major benefits. The author shatters the reverse-mortgage myths, such as 'the bank owns the house,' the supposed high costs, and even the scary stories of early reverse mortgages, which are no longer possible.”

(Bruss, Robert J. San Francisco Chronicle. )

From the Back Cover

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

See all Editorial Reviews

Product Details

• Paperback: 256 pages
• Publisher: McGraw-Hill; 1 edition (June 16, 2006)
• Language: English
• ISBN-10: 0071470727
• ISBN-13: 978-0071470728
• Product Dimensions: 8.8 x 6.7 x 0.6 inches
• Shipping Weight: 12.8 ounces (View shipping rates and policies)
• Average Customer Review: 4.6 out of 5 stars  See all reviews (7 customer reviews)
• Amazon Best Sellers Rank: #1,339,142 in Books (See Top 100 in Books)

More About the Author

Discover books, learn about writers, read author blogs, and more.

Customer Reviews

Most Helpful Customer Reviews

9 of 9 people found the following review helpful:

5.0 out of 5 stars Grateful reader, July 8, 2006

By 

Grateful Reader (Boulder, CO USA) - See all my reviews

This review is from: The Reverse Mortgage Advantage: The Tax-Free, House Rich Way to Retire Wealthy! (Paperback)

This book helped my husband and me decide to get a reverse mortgage. We had been arguing back and forth -- I said yes, he said no. But the book discusses the pros and cons very clearly. We both fog up when it comes to reading about money -- but this was clear. And fun to read, too, not like most books about money. It helped change his mind -- and helped our sons and daughter see that this is a good idea for us.

I'm 65, he's 72. We're both retired and, as the book says, house-rich and cash poor. A reverse mortgage will help us pay some outstanding bills and maybe have some outstanding fun, like some of the people profiled.

Getting Older in Boulder

7 of 7 people found the following review helpful:

5.0 out of 5 stars All You Need to Know!, June 29, 2006

By 

TopekaGrandma - See all my reviews

This review is from: The Reverse Mortgage Advantage: The Tax-Free, House Rich Way to Retire Wealthy! (Paperback)

I just bought this book because my husband and I are thinking of using a reverse mortgage. Everything was clear, concise and well layed out. We didn't need a lot of books to understand the subject. This one gave us everything.

6 of 6 people found the following review helpful:

5.0 out of 5 stars This is the one to buy, August 11, 2006

By 

Reader (Wisconsin) - See all my reviews

This review is from: The Reverse Mortgage Advantage: The Tax-Free, House Rich Way to Retire Wealthy! (Paperback)

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.