Reverse Mortgages

Chucala, Steven
June 2007
Soldiers;Jun2007, Vol. 62 Issue 6, p44
This article offers information on the so-called reverse mortgages created by the U.S. Department of Housing and Urban Development (HUD). The reverse mortgage is a form of equity loan on a home that was created as a safe and regulated method to give U.S. homeowners over the age of 62 a means of obtaining funds with greater financial security. Factors that a homeowner should consider before engaging in a reverse mortgage are discussed.


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