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The Need for Reverse Mortgages is growing

Here is an AP story from today that shows that, because there was no inflatiion this year, there will be no Cost Of Living Adjustement (COLA) to Social Security payments this year or next. Here is the lnk:

http://m.apnews.com/ap/db_8559/contentdetail.htm?contentguid=fuesnPZy]

So, once again Seniors will see a lot of their expenses (heat, food, medication, etc.) go up and have no increase in their fixed income.

Clearly, the need for Reverse Mortgages will only grow in this environment. Hopefully, Congress won't screw up the product and will allow it to continue to help so many people.

Posted by Michael Pinter on 08/24/2009 08:19 AM

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Michael Pinter

Brooklyn, NY

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First Meridian Mortgage/Trump Financial

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