Blue Ridge Mortgage BLUE RIDGE MORTGAGE Call Now Home About Choices Mortgage Tools Reverse Mortgages Please Contact Us The New York Times Got It Wrong About Reverse Mortgages July 5, 2017 by admin The New York Times erroneously fed false information to its readers about Reverse Mortgages. Jamie Hopkins helped set the record straight in his article on Forbes, an excerpt of which is below. If you’d like to read the entire article, follow the link at the bottom. “The reality is that a properly used reverse mortgage can be a retiree’s saving grace. Misconceptions about the product, however, are still commonplace, which is hindering better coordination of home equity into comprehensive retirement planning. In the end, reverse mortgages are not for everyone as they are still a form of borrowing with some costs and risks, but when used properly they can improve the retirement of many Americans. Better and accurate media reporting on reverse mortgages is needed to improve perceptions and knowledge on reverse mortgages to ensure that people do not ignore a strategy that could improve their finances and quality of life. As Marguerita Cheng, CFP, the CEO of Blue Ocean Global Wealth, notes, “It’s challenging for advisors to help their clients make good financial decisions when they don’t have objective information.”” https://www.forbes.com/sites/jamiehopkins/2017/06/29/thenewyorktimesgotitwrongaboutreversemortgages/#11be92336487 Filed Under: Reverse Mortgages Contact Us Lynchburg Office 916 Main Street Suite 400 Lynchburg, Virginia 24504 (434) 846-1300 Phone (434) 846-7670 Fax Bedford Office 151 Market Square Bedford, Virginia 24523 (540) 586-1973 Phone (540) 586-9052 Fax Like Us on Facebook News & Updates The New York Times Got It Wrong About Reverse Mortgages Mortgage Broker or a Bank? Glad You Asked Another Case for Reverse Mortgages New Math on Reverse Mortgages Contact Us Lynchburg Office 916 Main Street Suite 400 Lynchburg, Virginia 24504 (434) 846-1300 Phone (434) 846-7670 Fax Licensed by the National Mortgage Licensing System (NMLS) # 393152 Information can be searched by visiting www.nmlsconsumeraccess.org Contact Us Bedford Office 151 Market Square Bedford, Virginia 24523 (540) 586-1973 Phone (540) 586-9052 Fax © COPYRIGHT 2021 BLUE RIDGE MORTGAGE · ALL RIGHTS RESERVED ·

Blue Ridge Mortgage BLUE RIDGE MORTGAGE Call Now Home About Choices Mortgage Tools Reverse Mortgages Please Contact Us 1 2 Previous Next News & Updates The New York Times Got It Wrong About Reverse Mortgages Mortgage Broker or a Bank? Glad You Asked Another Case for Reverse Mortgages New Math on Reverse Mortgages Contact Us Lynchburg Office 916 Main Street Suite 400 Lynchburg, Virginia 24504 (434) 846-1300 Phone (434) 846-7670 Fax Licensed by the National Mortgage Licensing System (NMLS) # 393152 Information can be searched by visiting www.nmlsconsumeraccess.org Contact Us Bedford Office 151 Market Square Bedford, Virginia 24523 (540) 586-1973 Phone (540) 586-9052 Fax © COPYRIGHT 2021 BLUE RIDGE MORTGAGE · ALL RIGHTS RESERVED ·