Monday, August 18, 2008

Reverse Mortgages, a Good Idea for Retirees?

Madeleine Brand speaks with Michelle Singletary about if reverse mortgages are the right idea for home owners that are retired. A reverse mortgage is when you can take a loan out against your house that will only have to be paid on once the property is sold, the owner dies or is not the main resident. Singletary writes "The Color of Money" advice column for The Washington Post.

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