The Bank Owns Your Home and it's a SCAM!

FACT: Does the bank own your home when you have any type of mortgage? No, YOU do. The bank has a Promissory Note of repayment and terms that must be followed. If you make your payments and follow the terms of the loan, the bank will not foreclose and take your home.

A Reverse Mortgage has a Note and terms that must be followed to stay compliant with the bank—same as a traditional 30-year fixed mortgage. You may sell the home or refinance it whenever you choose. Nothing changes in a Reverse Mortgage.

It’s a lien on title, just like any:

● Home loan

● Solar lien

● Tax lien

● HERO loan

● Other title lien

Once the loan has been paid off, the remaining equity may be used to buy another home or used in any way the homeowner—seller or beneficiary—sees fit

There is NOTHING about a Reverse Mortgage that is a scam.

Disclaimer: The information provided is based upon education, solid knowledge, experience, and research; however, it should not be considered professional legal advice. Consult a legal professional with regard to your specific situation.