Experts Discuss Reverse Mortgages
PITTSBURGH (NewsRadio 1020 KDKA) - Mike Henry and Randy Davis, of Dollar Bank, joined KDKA Radio's Robert Mangino in studio to discuss different types of mortgages.
Reverse mortgages was a topic covered on the show, Henry wanted people to know that "the lower the rate, the more money you get."
Reverse mortgages are based on the value of the house and the age of the person, it is also based on the person's credit.
Reverse mortgages are a long-term solution and could reduce your payments.
If an extra payment is added onto your mortgage, payments may reduce and you can restructure the length of your lease. Davis wanted listeners to "look at your options" and Dollar Bank representatives will also check all of your options if you are interested in a reverse mortgage.
Listen to Robert Mangino weeknights from 7 p.m. to 11 p.m. on NewsRadio 1020 KDKA.
