James Forte Speaks to the Danbury Rotary Club

Many of us think of the reverse mortgage as a high interest loan designed to rip off the elderly. Not so, says our speaker, James Forte. He indicated that the home owner (who has to be 62 or over) can take advantage of this plan and actually make money in the process.

James Forte, of Total Mortgage, is a mortgage specialist who pointed out that the Reverse Mortgage is a home equity loan, which in the past has been of questionable value, but through the efforts of FHA has been greatly enhanced. As a line of credit is can be used in many creative ways.