By KATHLEEN LYNN, STAFF WRITER
What can you do if you’re a senior citizen who needs money to pay your bills, but your dollars are locked in the walls of your high-priced house?
One answer: Sell the house, move to a cheaper place and use some of the house profits for living expenses.
Some seniors, however, are [...]

It’s no surprise that reverse mortgages are becoming popular among seniors
By Leonard Wiener
For many of today’s retirees, a home can seem like Fort Knox without the key. Escalating real-estate prices have caused many seniors’ homes to skyrocket in value. But unless they’re willing to sell, it may be an inaccessible gain during a time [...]

Reverse mortgages gain in popularity for older owners
By Jennifer Openshaw
Reverse mortgages are expected to explode in the coming years. According to the National Reverse Mortgage Loan Association (NRMLA), nearly 38,000 reverse mortgages were originated in 2004, up from just over 18,000 in 2003. They’re expected to grow a whopping 58% this year to more than [...]

Reverse mortgages could be used by millions of older adults to pay the rising costs of long-term care, a study by the National Council on the Aging has found.
“One of the paradoxes of our long-term care system is that older Americans are struggling to live at home at the same time they own more than [...]

By Texas A&M
Aug 5, 2005
For older Texans feeling the strain of trying to make ends meet, reverse mortgages provide some welcome relief.
Reverse mortgages allow homeowners who are 62 or older to tap into the equity they have built up in their homes as a source of additional income.
A reverse mortgage is a mirror image [...]