By U.S. Department of Housing and Urban Development ( HUD)
About the HECM Program:
The HECM FHA insured reverse mortgage can be used by senior homeowners age 62 and older to convert the equity in their home into monthly streams of income and/or a line of credit to be repaid when they no longer occupy the home. [...]

Reverse mortgages go through the roof as seniors cash in on financing technique that harvests home equity
By Jeffrey Baron
Special to The Denver Post

Caryl Derryberry was able to keep her Lakewood condominium through a reverse mortgage a financial instrument that subsidizes her monthly bills and has even helped her replace her furnace and air conditioner. (Post [...]

Termite Inspection Requirement for a Reverse Mortgage
Altanta Homeownership Region
States:
Alabama - Termite Required
Florida - Termite Required
Georgia - Termite Required
Illionois - Termite Required
Indiania - Termite Required
Kentucky - Termite Required
Mississippi - Termite Required
North Carolina - Termite Required
South Carolina - Termite Required
Tennessee - Termite Required
To find out about your state, or to speak with a loan officer, visit the [...]

SAN FRANCISCO – A new study by The National Council on the Aging (NCOA) shows that using reverse mortgages to pay for long-term care at home has real potential in addressing what remains a serious problem for many older Americans and their families.
In 2000, the nation spent $123 billion a year on long-term care for [...]

By Tracy Byrnes
TheStreet.com Contributor
7/11/2005 11:31 AM EDT
You bought your house for $375,000 and your neighbor just sold his for $599,000. That’s great — but unless you want to downsize or move to a cheaper part of town, the best you can do is brag about it at parties.
The mortgage industry begs to differ. It purports [...]