Sam in Reverse

Understand reverse mortgage options - Chicago Sun-Times

Shattered Dreams: Bob Massi from Fox News breaks down the basics http://video.foxnews.com/v/4513062/reverse-mortgages-what-you-need-to-know

When Jane Blume saw that her mother was running out of money, she was worried. Her mother, then in her mid-90s and still living in her Brooklyn co-op, was having difficulty paying bills. Her only sources of income were Social Security and rapidly-dwindling savings. http://www.foxbusiness.com/personal-finance/2011/01/20/reverse-mortgage-ok-parents/

Some seniors whose retirement savings took a hit over the last couple of years may have considered a reverse mortgage to help with expenses.

A reverse mortgage has long been considered a loan of last resort because of its high fees. Now, a new type of reverse mortgage is attracting the attention of more-affluent borrowers eager to extract cash from their homes. But older homeowners—and the adult children who advise them—need to be aware of the new trade-offs. Read the full article at

OLDER homeowners who have spent years building up equity may be tempted to cash out through a reverse mortgage. But high fees can make these loans pricey Continue reading at http://www.nytimes.com/2010/12/12/realestate/mortgages/12Mort.html