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Real Estate & Property Law

: Housing Wire

Elderly Turn to Reverse Mortgages, Despite Some Pitfalls

By KELLY CURRAN

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(Update 1: adds in U.S.-based lender perspectives on assisted care provisions in HECMs) A growing number of older Americans are securing reverse mortgages according to Home Equity Conversion Mortgage (HECM) data recently released by the U.S Department of Housing and Urban Development. Brokers of these types of mortgages, such as Golden Gateway Financial, say this product [...]

Full post as published by Housing Wire on April 14, 2009 (boomark / email).

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