Monday, 29 August 2011

Reverse Mortgages vs Annuities

Reverse Mortgages vs Annuities

This is a very interesting article we made on our website comparing the benefits of the reverse mortgage compared to annuities - 

If you are interested in reading this post you can click on the title which will link back to our site - to learn everything there is to know about reverse mortgages you should visit our site 

reverse mortgage lenders direct

The bottom line when comparing reverse mortgages to annuities is this - an annuity is not federally insured - thus you run the risk of that provider going BK - while a reverse mortgage you do not run this risk. Also the income from the reverse mortgage comes from the equity in the home - and if you have a savings account you can keep that money unlike when you have to buy an annuity. 

to learn more about how do reverse mortgages work 

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