Reverse Mortgages
|
The PositiveLights.org Web Site |
Reverse mortgages (RMs) allow older people who are "cash-poor but home-rich" to use the equity of their homes while still living in them. RMs work like regular mortgages, but in reverse - the lender pays the borrower a monthly payment. The mortgage doesn't need to be repaid as long as you live in your home. However, when you move (to a nursing home, for example), sell your house, die, or reach the end of the loan term, the debt must be repaid; typically this is done by selling the house. (source - www.helpguide.org )
The Reverse Mortgage Scam (Voice of the Elderly)
Ten Things You Need to Know About Reverse Mortgages
Reverse Mortgages: Proceed with Care (F.T. C)
Frequently Asked Questions About Reverse Mortgages
AARP: Guide to Reverse Mortgages
Consumers Union: Tips on Reverse Mortgages
National Reverse Mortgage Lendors Ass'n
|
|
|
|
|
About Long Term Care |
|
in the Support Community |
|
for Professional Caregivers |
|
GOOD NEWS For |
|
|
|
INFORMATION |
|
|
|
SPONSORS |
|
|
