Myths and Facts - Z Reverse Mortgage
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www.Z<strong>Reverse</strong><strong>Mortgage</strong>.com
There is a lot of misinformation out there<br />
about reverse mortgages. Some families<br />
are afraid to apply for reverse<br />
mortgages because they think they can<br />
potentially lose their home.<br />
A reverse mortgage WILL NOT take<br />
your home. The professionals at Z<br />
<strong>Reverse</strong> <strong>Mortgage</strong> will make sure you<br />
have all the facts, so that you can make<br />
an informed decision.
MYTH: The lender can tell me how I can<br />
spend the money.<br />
-<br />
FACT: The funds you receive from a reverse<br />
mortgage are controlled only by you. You can<br />
use them in any way you see fit.
+<br />
‣ MYTH: If property values change, I can end up owing more than my home is<br />
worth <strong>and</strong> could potentially lose the home.<br />
‣ MYTH: I won’t be able to receive Social Security of Medicare payments<br />
anymore.<br />
‣ MYTH: I have to own my home outright if I want to do a reverse mortgage.<br />
‣ MYTH: My debt will transfer to my children.<br />
‣ MYTH: The lender can kick me out of my home.<br />
‣ MYTH: I won’t be the legal owner of my home.
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