Avoid Reverse Mortgages | Fee-Only Financial Planners Long Island

Avoid Reverse Mortgages

Alexandra Zendrian

“A reverse mortgage is an expensive way to enable one to tap an asset of last resort–their home,” says Ron Roge, chief executive officer of R.W. Roge & Co. He adds that it should be for people who have exhausted all of their other options and want to remain in their homes for the duration of their lives despite expenses such as property taxes, insurance and home maintenance.

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