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Reverse Mortgages For Dummies by [Lyons, Sarah Glendon, Lucas, John E.]
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Reverse Mortgages For Dummies Kindle Edition

4.5 out of 5 stars 26 customer reviews

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Length: 288 pages Word Wise: Enabled

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Editorial Reviews

From the Back Cover

Fully explains how reverse mortgages work

With special advice for the adult children of seniors

Reverse mortgages are a great way for you to keep your home, even on a retiree's fixed income. But with so many loan options, where do you start? Relax! This friendly guide covers all the basics so you and your adult children can understand and take advantage of these handy loans — and keep the home you love.

Discover how to

  • Decide if a reverse mortgage is right for you
  • Shop for the best reverse mortgage products
  • Find out if your home is eligible
  • Walk through each step of the process with confidence
  • Find a counselor who can help you

About the Author

Sarah Glendon Lyons is Assistant Editor of Mortgage Originator Magazine, the leading U.S. trade publication and Web site on the mortgage origination business.

John E. Lucas is a lecturer, educator, and reverse mortgage specialist with more than 38 years of experience in the mortgage industry.


Product Details

  • File Size: 1812 KB
  • Print Length: 288 pages
  • Publisher: For Dummies; 1 edition (May 14, 2007)
  • Publication Date: May 14, 2007
  • Language: English
  • ASIN: B003S9VTHS
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Lending: Not Enabled
  • Enhanced Typesetting: Not Enabled
  • Amazon Best Sellers Rank: #1,456,659 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

Top Customer Reviews

Format: Paperback
I bought this book for my mother, and although I had to go through it with her, it made the whole concept of reverse mortgages so much easier for both of us to understand. i thought i had done my homework, but this book cleared up some misconceptions i had, and taught me a lot about the loan and it's pros and cons without trying to sell me on getting one. it also put my mind at ease about repaying the loan and what would be left for me and my siblings, and gave us something to think about in terms of making arrangements for our mother's future. It's definitely the best source on the subject that i've found yet.
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Format: Paperback
I saw this book in a listing in the Wahington Post of the 10 best real estate book this year and bought it as a gift for my aunt and for my wife's aunt and uncle. I've been flipping through it and I'm really impressed with the level of information in this book. It's easy to read, and I think even our 70-something relatives will be able to understand the concepts. What we liked best about it is that it doesn't talk down to you, and offers many resources unaffiliated with the book for extra help. I would highly recommend this book.
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Format: Paperback
I bought and read this little book that is packed with excellent information and, as a result, got a reverse mortgage. The Cash now available to me has paid off some medical bills and made it possible to make some repairs on my home in preparation for the hurricane season. It's a fail safe way of converting equity in your home to cash that you can enjoy now, instead of giving all of it to your inheritors when you die. I recomment it enthusiastically.
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Format: Paperback
What a breath of fresh air!! Finally, someone who can articulate the advantages of reverse mortgage in terms that my mother (senior citizen), and I, (not senior citizen), can understand. The insight and information that this book contains is priceless. I am going to recommend this book to ALL of my friends!!

M. Bailey
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Format: Paperback
This book has been a major help. Its exactly what I was looking for! It is a clear and concise guide that really walks you through the whole process. A must have if you or your loved ones are considering a reverse mortgage.
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Format: Paperback Verified Purchase
my fault, i should have realized that in this market, it is critical the book be the updated version because reverse mortgages are changing each year regarding rules and regulations that affect their sale and purchase. of course, how could i have known that before buying the book since i am a dummy. i'd sure like to get my money back and get a newer, more up-to-date version of this same book.
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Format: Paperback
I bought this book with the idea that I was going to get a reverse mortgage and just wanted to read up before I took the idea to my broker. It actually showed me that a reverse mortgage was the wrong choice for me, and I'm so grateful that I read this book. I probably saved thousands of dollars! I got a different state loan that I'd never even heard of before this book and I know I made the right decision. If you're considering a reverse mortgage BUY THIS BOOK! You'll be glad you did.
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Format: Paperback
I've searched articles on the web, had the required reverse mortgage counseling, and bought this book. All you really need is this book.In coverage, organization, and language, it presents and clarifies a solution of a major problem for seniors.
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