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Reverse mortgages can help senior homeowners
This article related to: business <table> </table> Much has been written about the millions of American families caught in the devastating whirlpool of subprime lending practices. Often overlooked is the fact that many of those victims are in their 60s, someone who knows our family from 57 years in the mortgage business calls us about a senior member of their family who is in trouble. At worst, the senior homeowner is facing imminent foreclosure. At best, she or extra keywords, 70s and even 80s – senior citizens faced with the loss of their home and their dignity after a lifetime of hard work and responsibility.<p/>More and more often
A reverse mortgage enables homeowners age 62 or older to borrow against the equity in their home and receive a lump sum ...