Archive for May, 2008
AARP supports reverse mortgages
Having AARP, endorse a product geared for seniors is about as good as it gets. In fact, I’d say it probably goes right up there with getting in Oprah’s book club. As a financial tool, reverse mortgages can be a great option, but for the sophisticated person, the reverse mortgage is usually just the tip [...]
Tapping into equity
Tapping into equity,
Risky reverse mortgages become viable option as baby boomers seek ways to weather housing slump, surging costs
A house increasingly is more than a roof over the head for aging Sonoma County residents - it is a tool for financing retirement.
A growing number of retirees are tapping equity in their homes by taking out [...]