Reverse mortgage: What you need to know [Column]

Reverse mortgage: What you need to know [Column],

Some time ago, a puzzled reader sent me an official-looking mailing she’d received, and today the letter carrier brought me my very own copy. Pretty exciting.

It starts with news about a new “2007 Government Regulated Senior Program,” that “protects seniors,” and it offers a “2007 Senior Benefit Update” along with a picture of a couple of flags. I’m invited to respond to the federal-sounding “Senior Information Processing Center.” And here’s what it’s all about:

Without once mentioning the words, somebody is selling reverse mortgages here. Nothing wrong with that. Nothing new either, of course. The Federal Housing Administration’s excellent Home Equity Conversion Plan has been around for years now.

(more…)

Full post here Reverse Mortgage Loan Blog

Written by News & Feeds on November 26th, 2007 with comments disabled.
Read more articles on Feeds and Wires.