Elderly homeowners look into reverse mortgages for additional cash
Elderly homeowners look into reverse mortgages for additional cash,
Pittsburg resident Loris Brown saw an ad on television some time ago and decided that the advertisement was worth looking into.Weeks later Brown, an 82-year-old retiree from Borden Dairy in Kansas City, Mo. found himself with $90,000 to do with whatever he deemed necessary.
That is because the advertisement that Brown saw was for a reverse mortgage.
“It was just a way I could use that money in the home for something if I wanted it,” Brown said. “I put in a new driveway and painted the house,” “I was just on Social Security and a small pension and it has worked alright for me.”
Post from: Reverse Mortgage Loan Blog
Elderly homeowners look into reverse mortgages for additional cash
Full post here Reverse Mortgage Loan Blog
Written by News & Feeds on January 18th, 2008 with no comments.
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