 |
 |
 |
 |
 |
 |
 |
From the latest issue of
Summer 2004
New Report Looks at Use of Reverse Mortgages to Fund Long-Term Care
For many older families, home equity is their single best option for financing long-term care at home. Reverse mortgages are a special type of loan that allows people ages 62 and older to convert home equity into cash while they continue to live at home for as long as they want. Unlocking the $1.9 trillion tied up in home equity through a reverse mortgage can help empower "house rich, cash poor" older adults by giving them additional funds to purchase the services they feel best suit their needs... Continued
|
|
|
|
