reverse mortgage

Boomers' $3 trillion nest egg
CBS News
Bear in mind: No matter what type of reverse mortgage you get, interest rates are generally higher than conventional mortgage rates. For example, one proprietary calculator shows a fixed reverse mortgage rate with an annual percentage rate (APR) of

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'Reverse Bonus Checks' Drain Wall Street Bank Accounts
The Spoof (satire)
"It's a reward for spending 3 or 4 hours a day punching your calculator and contacting your buddies. It doesn't make any sense for it to destroy your savings." But the team that developed mortgage derivatives and reverse bonus checks points out that

Reverse mortgages hit record high
Globe and Mail
Canadians looking for sources of cash in their retirement are tapping into reverse home mortgages in record numbers, according to data released this week. The parent company of HomEquity Bank, the country's sole provider of reverse mortgages,

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