Reversing fortunes: Retirees expand lifestyles with mortgage option (The Record Searchlight)
Story date: 2007-10-21 06:37:28
Added on: 2007-10-21 19:38:12
Reverse mortgages have been a popular tool for cash-strapped retirees, but wealthier folks are finding ways to use them, too. With a mansion worth $21 million, a wealthy retiree near Philadelphia decided the most logical way to access that cash and improve his standard of living was to take out a reverse mortgage on the house and invest the money for more income.
Read more...
Related Stories:
-
Affluent senior citizens tapping reverse mortgages for extra cash
Pittsburgh Post-Gazette - Reverse mortgages have been a popular tool for cash-strapped retirees, but wealthier folks are finding ways to use them,...
2007-10-10 08:58:00 -
Richer homeowners find reverse mortgages useful
Biloxi Sun Herald - Reverse mortgages have been a popular tool for cash-strapped retirees, but wealthier folks are finding ways to use...
2007-10-17 01:47:00 -
Richer homeowners find reverse mortgages useful (Eagle-Tribune Online)
Reverse mortgages have been a popular tool for cash-strapped retirees, but wealthier folks are finding ways to use them, too....
2007-10-21 09:17:22 -
Richer homeowners find reverse mortgages useful (Naples Daily News)
Reverse mortgages have been a popular tool for cash-strapped retirees, but wealthier folks are finding ways to use them, too. With a...
2007-10-17 04:28:43 -
Richer homeowners find reverse mortgages useful (The Nashua Telegraph)
Reverse mortgages have been a popular tool for cash-strapped retirees, but wealthier folks are finding ways to use them, too. ... -...
2007-11-01 09:17:40 -
Reverse lender ASF latest credit victim
News.com.au - REVERSE mortgage pioneer Australian Seniors Finance is the latest local lender to be caught out by the global liquidity crunch....
2008-03-04 03:39:00 -
Reverse loans on the rise (Herald Sun)
CASH poor but homeowning retirees are increasingly turning to reverse mortgages as a way of boosting their cash flow....
2007-09-23 07:00:00 -
Reverse Mortgages 101 - Street.Com
As money becomes tight during the golden years, retirees are banking on their homes -- in reverse. By taking on a reverse...
2008-05-05 06:57:00