Reverse Mortgages Explained

 

Our guest speaker on January 4, 2017 was Mary Spencer of the Univest Corporation. Mary explained the workings of the now popular reverse mortgages. This relatively new resource has been of great value to many home owners with equity in their personal real estate as a source of retirement income. She also went on the describe the potential pitfalls in this type of loan. The information was well received by Rotary members.