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Archive for March, 2008

Would a Reverse Mortgage Make Sense for Us?

Question: My wife and I are in our early 70s. We own our own home. Would a reverse mortgage make sense for us?
Answer: It depends. A reverse mortgage can be a valuable financial tool, providing needed funds to help you cover your living costs and allow you to stay in your home. Or it can [...]

Reverse Mortgage Warnings

Like many financial products, reverse mortgages have virtues and evils — and are suitable in some circumstances and abusive in others.
A while back we took the Los Angeles Times to task for an article extolling the virtues of reverse mortgages, without pointing out much of the other side of the picture.
Bravo! for Charles Duhigg and [...]