Brixdale
Brixdale is company which markets the Inverse MortgageTM.
The Inverse MortgageTM is supposed to be a revolutionary way to pay of your
mortgage in a little as 6 months, or if you don't even have a mortgage, will
allow you to stop paying rent and start saving to buy a home.
There appears to be some controversy surrounding this company and their
product. There is quite a bit of information on scam.com regarding the
Brixdale product of the Inverse MortgageTM. From what I can tell, this program
is similar to a bi-weekly payment program. There have also been concerns about
whether this will create a tax issue with the IRS for some homeowners.
Any real estate related business may be risky, and since the product offered
by Brixdale is something that is still not well defined, I think it may not
be wise at this time and perhaps the better idea would be to stay with a
traditional mortgage. At this point I don't recommend Brixdale or this type
of mortgage program.
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