Posted 1 year 5 days ago by Nora Dunn
A senior citizen who owns a house outright but doesn't otherwise have two pennies to rub together (or who faces a financial crisis they can't afford) does have an option for accessing the equity in their home without having to sell their house or otherwise uproot themselves unwillingly. The tool in such a scenario is called a Reverse Mortgage.Have more to say? Join the discussions at Wise Bread's Finance and Frugality Forums.
| Posts | Cmts | |
|---|---|---|
| Andrea Dickson | 5 | 29 |
| Carrie Kirby | 3 | 15 |
| David DeFranza | 4 | 3 |
| Julie Rains | 2 | 11 |
| Linsey Knerl | 12 | 41 |
| Lynn Truong | 4 | 1 |
| Margaret Garcia-Couoh | 2 | 4 |
| Myscha Theriault | 9 | 74 |
| Nora Dunn | 8 | 2 |
| Paul Michael | 7 | 19 |
| Philip Brewer | 10 | 32 |
| Sarah Winfrey | 3 | 2 |
| Will Chen | 3 | 1 |
| Xin Lu | 4 | 7 |
© Copyright 2008
Wise Bread |
About |
Advertise |
Contact |
Forums | Login |
Subscribe
User Agreement |
Privacy Policy |
Copyright
A Killer Aces Media FairBlog™
Subscribe to all Wise Bread articles
All comments