Help is on the way for seniors with Reverse Mortgages, who it seems will benefit from changes in the recent Housing and Economic Recovery Act of 2008.
What is a Reverse Mortgage
A reverse mortgage works in the same way as an Equity Release mortgage but in this case we are talking about financial options offered to senior citizens in the USA. Reverse mortgages are offered to people who own their homes outright, or have very small mortgages that can be cleared with the proceeds from a Reverse mortgage. Read the rest of this entry »