Reverse mortgages: Be wary
Continue Reading Add comment May 24th, 2008
Last year, borrowers took out more than 132,000 reverse mortgages - 50% more than the year before and almost 10 times as many as five years ago. Such loans, as you may already know, allow you to draw down your home equity if you’re 62 or older without repaying it as long as you stay in your house.