Archive for December, 2005

Reverse Mortgages Growing

Monday, December 5th, 2005

Popularity of program fuels calls for lifting borrowing caps
By Toni Coleman
Gannett News Service
WASHINGTON — Juanita and Joe Sanders, St. Louis, were trying to figure out how to pay for a new roof two years ago when their son came up with a suggestion: a reverse mortgage.
Reverse mortgages allow cash-strapped seniors to draw equity out of [...]