reverse mortgage: Reverse Mortgages: Helping Senior Homeowners Move Forward in Life
- 05/08/07 03:03 AM
TAMPA, FL - Senior homeowners across the nation are now turning to a new source for cash income - their home. From paying for home repairs, home health care or medical expenses to paying off an existing mortgage or credit card debt, Reverse Mortgages are providing the means for seniors to move forward in life. With a Reverse Mortgage, homeowners at least 62 years in age are now able to capitalize on the equity built up in their homes. Unlike traditional home equity loans, a Reverse Mortgage does not have to be repaid until the borrower(s) no longer lives in the home (9 comments)