Is a reverse mortgage any good?
Jan 17, 2008 ... Those may be good reasons for taking out a reverse mortgage. But one thing has caused much concern: Too often, retirees are urged to use the reverse mortgage.
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About Mortgage
A mortgage is a loan that is secured by a property/house and is paid in installments over a set period of time. For buying homes, mortgage loans are used almost always around the world, only in rare cases are cash or other forms of credit used for payment. The word mortgage comes from a Law French term meaning ''dead pledge.'' This means the pledge ends when the obligation is fulfilled, or the property is taken through foreclosure.
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