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Reverse Mortgage Info Knowledgebase » Listing Details |
| ID: | 16 |
| Title: | Going Forward With Reverse Mortgages - http://www.aicpa.org/pubs/jofa/jul2006/godfrey.htm |
| Pagerank: | 0 |
| Description: | Reverse mortgages were created in 1987 by the Department of Housing and Urban Development (HUD) to provide greater financial security to American homeowners age 62 and older. With the aging population in the United States and the rapid appreciation of residential property, the reverse mortgage industry is destined to continue to grow. Reverse mortgages often are thought of as the solution for elderly citizens who need additional funds; however, they can be a costly solution and should be used with caution. This article will help CPAs recognize situations where reverse mortgages can provide much-needed supplementary retirement income—and equally important, when they should be avoided. |
| Category: | Consumer Information: Government and Non-Profit Materials |
| Link Owner: | AICPA |
| Date Added: | December 21, 2006 02:51:38 AM |
| Number Hits: | 5 |
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