April 1, 2017
These days many seniors find themselves without enough to make ends meet. Then you turn on the TV and hear Robert Wagner, Pat Boone, Alex Trebek, Fred Thompson and even “Fonzie” telling us about the easy money provided by reverse mortgages. A reverse mortgage is a loan for senior homeowners, age 62 and older, that uses the home’s equity as collateral. The loan generally does not have to be repaid until the borrowers move out of the property or pass away.