October 27, 2010

Reverse Mortgages for older homeonwers

Many older homeowners are "house rich and cash poor." A reverse mortgage can help turn their home into a stream of income once they are age 62 or older. the mandatory reverse mortgage counseling is provided free by the USU Family Life Center HUD-approved RM counselors. For an appointment or more info call: 435-797-7224.

For trustworthy information on reverse mortgages from the National Council on Aging, read: Use your home to stay at home: A Guide for Older Homeowners Who Need Help Now http://www.ncoa.org/news-ncoa-publications/publications/ncoa_reverse_mortgage_booklet_073109.pdf

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