Reverse mortgages are such an unfamiliar, peculiar idea that perhaps we should have expected all the dopey stories that have sprung up about them.
Among them:
1. Homeowners will lose their houses. Greedy bankers will become the new owners.
Truth: Homeowners will continue owning their houses.
2. Grandma and grandpa will get kicked out into the street.
Truth: Homeowners can [...]

More taking advantage of program to keep residents in homes
By Alicia Herbstreit
The Daily Reporter-Herald
Janet Jones said the ironic part of her retirement was while she had spent her career helping people into their first homes, she was still renting.
As a single woman, the 65-year-old real estate closer couldn’t afford to make the purchase herself. Instead, [...]

COLLEGE STATION - A reverse mortgage is a series of payments made to the homeowner against the value of his or her home. Basically, a reverse mortgage pays the homeowner money based on the value of the home, said an expert from Texas Cooperative Extension.
Wait! Does this mean a reverse mortgage is payment made to [...]