Is a Reverse Mortgage Suitable for Me or Am I Throwing My Kid's Dollars Away?

Covered products would include collateralized mortgage obligations (CMO) and commercial mortgage backed securities (CMBS) and other mortgage derivatives.

The Real Estate Round Table, the Mortgage Bankers Association, the National Association of Realtors and the Commercial Mortgage Securities Association also oppose the idea.

The liquidity crisis in the mortgage backed bond market has paralyzed the banking system.

Commercial Mortgage Pro - Separate Ratings For Structured Debt - Bad Idea

Reverse Mortgage is it right for me: The Reverse Mortgage is in fact not the right mortgage loan for every senior who owns a home; there are many things to consider when you are contemplating a Reverse Mortgage.

It will take about five years to recover the closing cost associated with the Reverse Mortgage.

Disadvantages of a Reverse Mortgage If you are going to get a reverse mortgage, you first must know, and be comfortable with, the disadvantages of a reverse mortgage. Conversely, with a reverse mortgage, the borrower builds up debt while they live in the home. In addition to building up debt, there can be significant up front costs when brokering a reverse mortgage. When you take out a reverse mortgage, you will have less equity in the home and likewise, the heirs will inherit a smaller portion of the home's value. With the proceeds, you can decide to rent a home or purchase a smaller home. Selling your home is an excellent option if assisted living is a near-term possibility. If you are comfortable with the disadvantages of a reverse mortgage, you should speak with a reverse mortgage lender to discuss your specific situation. does not shy away from the disadvantages of a reverse mortgage.