Friday, January 21, 2011
Reverse Mortgage Equals Retirement for Baby Boomers
If you know someone a parent, a grandparent or elderly friend struggling to make their mortgage payments please share this information with them.
Reverse Mortgage is a Home Equity Conversion Mortgage (HECM) They have improved the terms of this loan product over the years and is now insured by FHA. It is a safe alternative for the elderly struggling to get by. They are required to have counseling to be sure they understand the terms. There are several options allow for disbursement of funds.