If you are over 62 and are cash poor but house rich, CBS News Money Matters says that a reverse mortgages may be the answer to your financial problems. During their August 24, 2011 episode, the money adviser explains that a reverse mortgage is right for senior who has little income and a small mortgage payment.
If this sounds like you, try out a simple HECM Reverse Mortgage Calculator!
No comments:
Post a Comment