Dave Ramsey do a knock part to your contrary mortgages where the guy do highlight some of the less popular areas of the borrowed funds, but he has no problems both exaggerating or reveals their lack of knowledge concerning tool.

Are Dave Right about Opposite Mortgages?

First and foremost, let us offer Dave their owed when he tells the truth. He’s correct as he claims a face-to-face mortgage works into the reverse off a simple otherwise pass financing.

Rather than a promising collateral dropping debt condition, the opposite financial try a growing obligations, shedding equity mortgage.