Consumer Mortgage News Free mortgage news for current and prospective borrowers from a leading online mortgage industry news publication.
Much to Consider With Reverse Mortgages
Reverse mortgage a tricky way to pull money from home
June 2, 2011
By AL HEAVENS The Philadelphia Inquirer - McClatchy-Tribune Information Services
During the past two decades, less than a million reverse mortgages have been closed -- most which were insured by the federal government. There are many factors to consider, some which have scared off prospective borrowers. But the loans can make good sense in some situtations.
This wire news service story is no longer available.
Distributed by McClatchy-Tribune Information Services.
For reprints, e-mail firstname.lastname@example.org, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
This story was distributed by TNS - Tribune News Service