Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

The Wild, Wild West of Retirement Planning
The Wild, Wild West of Retirement Planning
WSJ says: "Using your nest to help with your nest egg..."
What used to be viewed as the "Wild Wild West" of retirement planning (reverse mortgages) has become a more cost-effective option for senior homeowners looking to supplement a comfortable retirement and take advantage of the equity their home has acquired throughout their lifetime.
In an article, published by The Wall Street Journal, entitled "Advisers Reverse Thinking on Reverse Mortgages," author Tom Lauricella describes how the reverse mortgage program went from being the red-headed stepchild of the mortgage broker to a possible retirement planning technique for seniors. 
In truth, the most ample financial asset homeowners have at their disposal is their home. However, because their money is tied to the home's equity, it's difficult to consider the home as a source of income. 
The reverse mortgage gives senior homeowners an opportunity to do just that. 
As a non-recourse loan, insured by the Federal Housing Administration, senior homeowners never owe more than the value of their home. If the loan amount rises above the current marketplace value of the home, the borrower (or their heirs) aren't financially responsible for the difference.
If used properly, the reverse mortgage can mean ... more

__________________________________________________
Are you on The Rain? Grow Your Network!