Financial Q&A: Reverse mortgages reserved for those without home loans.(Money & Values)
Q: I am 78 and have a 30-year, 6-1/8 percent interest mortgage with 10 years left on it. My income is from Social Security. I'm thinking of a reverse-interest mortgage. I owe $103,000 and my house is worth $220,000 to $250,000. My concern is that my daughter have something when I leave. Is there a

Publication: The Christian Science Monitor

Cashing Out Of Your Home: Reverse mortgages are gaining ground as baby boomers hit retirement.
The reverse mortgage is an esoteric product that has existed on the margins of the home-lending market for years. But events are conspiring to push reverse mortgages into the mainstream. Wall Street now views the product as a potential industry growth engine, thanks to 78 million baby boomers about

Publication: Bank Investment Consultant

For older owners facing financial woes, reverse mortgage can help For older owners facing financial woes, reverse mortgage can help.(At Home)
There were some older folks in the room, but nothing was ever offered about a reverse mortgage being a possibility, said Downey, founder of Braintree, Mass.-based Harbor Mortgage. The numbers have to work, but if they do, it can be a godsend for them. The current mortgage is paid off, they keep the

Publication: The Virginian Pilot

Rising home values boost reverse mortgages
Rising home values boost reverse mortgages Financing option becomes more popular with seniors By SANDRA FLEISHMAN Washington Post Sunday, September 15, 2002 Baby boomers aren't the only ones jumping on record low mortgage rates and high home values to finance their dreams. Older homeowners dreaming

Publication: The Milwaukee Journal Sentinel

Reverse Mortgage market in Australia destined to grow due to a number of factors including an aging population and increased home equity.
M2 PRESSWIRE-4 October 2004-Research and Markets: Reverse Mortgage market in Australia destined to grow due to a number of factors including an aging population and increased home equity(C)1994-2004 M2 COMMUNICATIONS LTD RDATE:10052004 Research and Markets (httpwww.researchandmarkets.com) has

Publication: M2 Presswire

YOUR HOME - Reverse mortgages may hit the spot for Hawaii seniors
"Reverse mortgages are gaining in popularity with seniors because it allows them to borrow against the value of their home without having to move out or take on additional payments." Many of Hawaii's seniors are done paying off their home mortgages, but the home mortgage industry may not be done

Publication: Honolulu Star - Bulletin