Is A Reverse Mortgage In Your Future?
Reverse mortgages, where you arrange for a lender to pay you monthly payments in exchange for a loan that grows over time, have been around for some time. They’re not inexpensive and there are criteria that must be met to qualify (for example, all occupants of the home must be 62 or better). Here’s a recent article that outlines things to consider if you (or your folks) are considering one. http://www.msnbc.msn.com/id/23133228/
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