As of 1/1/2010, more than 10,000 Americans per day are turning 65. The senior citizen is the fastest growing segment of the U.S. population. If you are a homeowner age 62 or older, a reverse mortgage may ease financial worries during retirement. The reverse mortgage allows you to gain access to your home equity and receive funds to help pay bills, cover health-care expenses, repair your home, pay off an existing mortgage or address other financial needs.
The reverse mortgage is one of the safest senior programs ever created. It allows seniors to take equity from their home with a decent interest rate and never make a payment.
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