Reverse Mortgages Reviewed In A New Video -

SAN DIEGO, Nov. 19, 2013 /PRNewswire-iReach/ -- is a borrower advice website that provides detailed insights into the mortgage industry in a fun and entertaining way. The team at is devoted to help empower both first time and experienced homeowners with valuable resources, first-class knowledge and connections to top-rated industry professionals and has the mission of helping consumers and borrowers to obtain the latest information on mortgage lending trends, the real estate market and the U.S. financial landscape in order to help them obtain a home loan that they will love. The loan advice website is regularly assisting readers with their mortgage loan needs with their steady supply of article guides and informational videos. One of their newer videos titled "How Do Reverse Mortgages Work? (Nuts And Bolts)" answers the exact question given in the title by giving an overview on reverse mortgage loans and explaining to home owners precisely the mechanics of working with one.

Many senior homeowners may find reverse mortgage loans difficult to understand, even more so than other loans. Others may simply shrug at the suggestion of a reverse mortgage loan. Despite whatever might be the case, reverse mortgages have many advantages to offer senior home owners, even those on living on a comfortable income. One advantage reverse mortgages can benefit senior home owners as the video's hostess states:"First, if you take your reverse mortgage as a line of credit rather than a lump sum, you can draw on it as you need it, which can help you weather the ups and downs of the stock market. See, traditionally, retirees who depend on stock market returns to maintain their standards of living have really been at the mercy of the stock market. That's a risk that really came to light in recent years when the market tanked. And then tanked again. A lot of seniors found that the values of their portfolios had plummeted, and that left a lot of retirees scrambling for ways to make ends meet. Many were forced to sell off a big share of their portfolios, and that meant that when the market recovered, the retirees had much smaller portfolios to provide an income stream."

The video further points out another advantage tied in with working with a reverse mortgage loan:"The second main advantage: Lower tax bills. Using a reverse mortgage to pay off an existing traditional mortgage can be a better choice than paying a mortgage with, say, withdrawals from a 401K. Why? Distributions from the 401K are taxable, and they can be counted as income that can bump you into a higher tax bracket."Attached to the Loan Love video is an article that further explains to readers more on reverse mortgages that the video may have glossed over. Specifically, the article talks about how the new bipartisan law has affected reverse mortgage loans and how reverse mortgage process now operates.

As a final tip for loan borrowers, the article gives the following: "The moral: Don't turn up your nose at reverse mortgages; no matter what financial situation you find yourself facing, these loans could offer you significant financial advantages."

For more information on how the reverse mortgage process works, please visit for the full video and article.                                             

Media Contact: Kevin Blue,, 949-292-8401,

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