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From the Editor.(Editorial)
- Article from:
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Kiplinger's Retirement Report
- Article date:
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May 1, 2008
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Copyright informationCOPYRIGHT 2008 The Kiplinger Washington Editors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A REVERSE mortgage can be a godsend for seniors who need cash to pay for medications, home repairs or a trip to see the grandkids. But these products are also expensive and complex, and it's essential that borrowers understand what they are getting into.
As the population ages, the reverse mortgage marketplace is booming, attracting unscrupulous mortgage brokers and insurance agents looking to ...