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Reverse Mortgage Info Knowledgebase » Listing Details |
| ID: | 50 |
| Title: | More Seniors Explore Reverse Mortgage Option - http://www.npr.org/templates/story/story.php?storyId=1841483 |
| Pagerank: | 0 |
| Description: | Seven-minute audio clip from NPR's "All Things Considered" program of April 17, 2004 focusing on reverse mortgages. NPR's Cheryl Corley reports reverse mortgages offer a way for older people to stay in their homes without sacrificing life's necessities -- including such expenses as long-term medical care -- or even some of life's pleasures. The notes come due when the homeowner dies or moves. An estimated 13 million households qualify for nearly $1 trillion in reverse mortgages, though only a fraction of people eligible are currently taking advantage of the program. And there's a cautionary note: reverse mortgages include closing costs, insurance and application fees that can make them expensive. |
| Category: | Audio-Visual Tools |
| Link Owner: | National Public Radio (NPR) |
| Date Added: | December 29, 2006 06:59:59 PM |
| Number Hits: | 25 |
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