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Article: REVERSE MORTGAGE GOOD ANSWER IF YOU OWN HOME, NEED INCOME.(Business)
- Article from:
- Rocky Mountain News (Denver, CO)
- Article date:
- May 20, 1996
CopyrightCOPYRIGHT 1996 Rocky Mountain News. All rights reserved. Reproduced with the permission of Dialog LLC by Gale Group. 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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Byline: Bruce Williams Newspaper Enterprise Association
DEAR BRUCE: In one of your recent columns, you commented on reverse mortgages, and I am interested in finding out more about these. I am a 68-year-old widow and I have fully paid for my home, which is worth $75,000.
I can't live on my Social Security, because my taxes and insurance payments are so high. - E.C., Denver, Iowa
DEAR E.C.: There are several services you might wish to contact. One is the Household Senior Services at 2700 Sanders Road, 2 East, Prospect Park, Ill. 60070; (800) 414-EVER. Or you might try Transamerica HomeFirst, 505 Sansome St., San Francisco 94111; (415) 983-7900. ...