This news item expired on Thursday, May 26, 2016 so the information below could be outdated or incorrect.
OnTrack is a great resource for our area that offers financial educational and counseling to help people in our area achieve their financial goals, even when they don't think it's possible. They're partnering with the Buncombe County Library System to put on an upcoming presentation on Understanding Reverse Mortgages.
Learn the basics about reverse mortgages. This class will help you:
- Finally understand what a reverse mortgage is and how they work.
- Learn about how reverse mortgages can provide cash to homeowners over the age of 62.
- Understand how the loans are paid back.
- Learn about the different scenarios and how a reverse mortgage can be helpful.
- Determine if you have enough equity in your home for a reverse mortgage to be a good solution for you.
You will also get a free estimate for a reverse mortgage at the end of the class! The entire class is free and the public is invited. For more information about reverse mortgages or all of the great services provided by OnTrack, visit ontrackwnc.org, or give their office a call at 828.255.5166.