Saturday, February 02, 2008

Seniors Tapping Home Equity With Reverse Mortgages On Upswing

The Florida Times-Union ran a story recently on the increase in senior citizens using reverse mortgages to access the accumulated equity in their homes. For those seniors considering a reverse mortgage, you may want to check out Mortgages work in reverse (Homeowners who take out loans based on their equity are multiplying).

For other posts related to reverse mortgages and potential pitfalls to avoid when getting one, go here , and go here. reverse mortgage yak