Lifestyle Blog

Possible Effects of Reverse Mortgages in Active-Adult Communities

Posted by Amanda Causey on Feb 19, 2020 9:45:00 AM

Television commercials promote reverse mortgages as an easy financial solution for seniors. If a senior is struggling financially during their retirement years, a reverse mortgage appeals to them because it lets them remain at home and draw money. The final outcome of a reverse mortgage isn't as glamorous as the commercials portray. Understanding the implications for your active-adult community is important for preventing misconceptions about reverse mortgages and HOAs. 

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Topics: HOA | Condo Homeowner Responsibilities & Education, HOA | Condo Financial

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