Newspaper article from our research archive:

REVERSE MORTGAGE COULD HELP SENIOR'S FINANCES.(MoneyWise)

Byline: Mary Hunt

If anything defies the adage "if it sounds too good to be true, it probably is," something called a reverse mortgage might be it -- especially for older homeowners who find themselves struggling financially while sitting on a big pile of home equity.

A reverse mortgage allows older homeowners to tap into the equity in their homes without having to sell the house. If you own your home and are at least 62, a reverse mortgage might allow you to get your hands on that equity and continue to live in the home with no requirement to repay the loan as long as you stay there.

You will receive either a lump sum or monthly payments tax-free for as long you ...

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