Investor Alert urging homeowners over the age of 60 to carefully weigh all of their options before tapping into their home equity through reverse mortgages to obtain additional income for their retirement years. A reverse mortgage is an interest-bearing loan secured by the equity in a home and can be helpful to homeowners having trouble meeting expenses. The FINRA Alert cautions homeowners that these loans - which are being aggressively marketed as an easy, cost-free way for retirees to finance lifestyles or to pay for risky investments - can jeopardize their financial futures."> FINRA Warns Senior Investors About Reversing Fortunes With Reverse Mortgages - Scams and Frauds - FCIC


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FINRA Warns Senior Investors About Reversing Fortunes With Reverse Mortgages

The Financial Industry Regulatory Authority (FINRA) issued an Investor Alert urging homeowners over the age of 60 to carefully weigh all of their options before tapping into their home equity through reverse mortgages to obtain additional income for their retirement years. A reverse mortgage is an jeopardize their financial futures. Read more...

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