Reverse mortgages growing in popularity (corrected post)
By Lisa Chamoff Staff Writer Updated: 08/08/2009 11:23:26 PM EDT
More than a year ago, Dee Lewis was struggling to afford her escalating
property taxes, plus pay the mortgage on the small Glenville farmhouse where
she's lived since 1982. Lewis, now 64, had been considering a reverse
mortgage, which allows senior citizens to tap into the equity of their
homes, providing them access to money without the burden of monthly
payments. The loan is repaid when the borrower sells the house or dies.
http://ping.fm/KRpUy
st.com
No comments:
Post a Comment