Archive for June, 2008
Reverse Mortgages Promise Seniors Cash, Advisers Urge Caution
Reverse Mortgages Promise Seniors Cash, Advisers Urge Caution,
Maurice Shapiro, a retiree from Miami Beach, Florida, is taking a cruise to Alaska this summer, a trip he says he never would have made without his reverse mortgage.
“I’ll be 81 in two weeks and life doesn’t go on forever,” he said. “I got a reverse mortgage and [...]
Some say reverse mortgages are the way to go
Some say reverse mortgages are the way to go,
Delaware Online, 2008
Plan may be solution for older borrowers whose assets are dwindling, but experts say beware.
Jane DelSordo has been so happy with her reverse mortgage from WSFS Bank that she agreed to appear in the bank’s newspaper ads.
The
73-year-old, who paid cash for her Chadds Ford, Pa., [...]