July 7, 2014
Navy fireboats battle flames aboard the USS Nevada after it received several direct hits from Japanese torpedo planes on Dec. 7, 1941.
We don’t believe reverse mortgages are for everyone. Many folks can find other answers to their cash flow problems. However, if the savings have not kept pace with the expenses and it looks like additional cash will be needed — or very helpful — in the future, it can be a solution to consider. If you are age 62 or older and you own your home or have a low balance owing, you could look into reverse mortgages.