Tuesday, January 27, 2009

Reverse Mortgages

Most people spend their lives making monthly mortgage payments. When you reach your sixties, you now have the option of applying for a reverse mortgage. I was reading about reverse mortgages and it sounds like a great way for seniors to have money come in each month. Basically, you can have payments made to you, so you can enjoy the equity in your home while you are still alive. No payments are made back until after you die. If you are looking into a California reverse mortgage, check out this site. They have lots of reverse mortgage facts that can help you make an informed decision.

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