Sunday, September 2, 2007

At Home: Reverse mortgages can be a seniors best hope (Naples Daily News)

If you, your parents or other seniors in your life are sitting on a big load of home equity while struggling to get by each month on a fixed income, listen up. The answer for you may be a home equity conversion mortgage (HECM), often simply referred to as a reverse mortgage. As long as you own a home, are at least 62 and have enough equity in your home, you can get a reverse mortgage. There are ...

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[Source: Yahoo! News Search Results for home equity loan]

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