Archive for November 2008

When and How Can a Reverse Mortgage Go ‘Reverse’? – A Brief Analysis

From the growing number of applications filed in the recent years, we can clearly understand the popularity of reverse mortgages amongst the senior citizens. For senior homeowners who are 62 and above, reverse mortgage has become the most viable option as compared to the last and probably only resort of selling their homes in a [...]

Reverse Mortgages and Medicaid Reviewed

Reverse mortgage is definitely an attractive scheme for senior individuals. Unlike normal mortgage, in which you borrow a sum of money from a firm and keep your house as collateral, reverse mortgages involve the firm paying you money on a regular basis, till the time you stay in the particular house. Once you vacate the [...]