Reverse Mortgage Information: October 2009

Informative Video by AARP on Reverse Mortgage, Rescue or Trap?

I just finished watching this video from "Inside E-Street" by AARP.  An extremely balanced piece on reverse mortgages.  The video is a half an hour in length and is packed all the way through to the end with great information.  I heartily recommend listening to the whole piece.

http://link.brightcove.com/services/player/bcpid24036493001?bctid=44798109001

They don't really mention all othe other options that senior homeowners should look at, besides a traditional home equity line.  So I will fill you in here.

  • Alternative Options that should be looked at when considering a reverse mortgage.
  • Regular Line of Credit
  • City, County & State Property Tax deferral programs
  • Selling the Home
  • Renting out a portion of the home.
  • Obtaining part or full time employment

Can you think of any others?

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By Deborah Nance

Your Local Southern California Reverse Mortgage Professional

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0 comments • Deborah Nance, Southern California Reverse Mortgage Specialist • October 27 2009 01:14PM
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