Bronwyn Belling
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Belling Bronwyn Belling
Reverse mortgages were once considered loans of last resort, but that perception has changed in recent years, said Bronwyn Belling, a reverse mortgage specialist with AARP.  She said that a lot of people thought they were secure then lo and behold, the pension plans go under, the market takes a downturn, and they're forced to look at their house as a more liquid asset. Ms. Belling suggested that it can cost over $15,000 to take out one of these loans. Bronwyn Belling, a reverse mortgage specialist with AARP, said that reverse mortgages were once considered loans of last resort, but that perception has changed in recent years. He further said that they can cost over $15,000 to take out one of these loans.