Baby boomers are here, and now anyone over 62 years old can get a reverse mortgage. It's not for everyone, but it can be just what you need for you at this time in your life.
Changes are occurring soon, and instead of only being able to get reverse mortgages on your home you live in, soon you'll be able to buy a home using reverse mortgage. Even if you have bad credit, and live in a home, you can probably get reverse mortgages.
I found a great article on the "Pros & Cons of Reverse Mortgages" at Bankrate.com, click below to read more:
http://bankrate.com/brm/news/mortgages/20070104_reverse_mortgage_a1.asp?caret=41
Welcome to the wave of the future, and let me know if you have more questions about reverse mortgages. Please post your comments/questions so we can discuss.
Friday, June 29, 2007
The Pros & Cons of Reverse Mortgages
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