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Despite the continuing housing downturn, Reverse Mortgages are still the best option for many

By
Mortgage and Lending with First Meridian Mortgage

Despite the fact that many older Americans' homes are worth less now than they were two years ago, many of them have a severe need to access their equity and cannot do it any other way.

Most of these people are on fixed incomes and there are very few no income programs. even if tehy could qualify for a regular "forward" mortgages, they would not be able to afford the payments for too long (assuming they were cashing out.)

A Reverse Mortgage is the only thing in the world that can provide them with the cash they need and the peace of mind to know that they can live in their homes for as long as they want to. 

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