Tuesday, June 20, 2006

 

For Seniors, Creative Financing Catches On

As the number of seniors taking advantage of new financing options escalates, companies providing "reverse mortgages" and "life settlements" are enjoying unprecedented growth in demand for their services. For thousands of seniors who have paid off their home mortgages and find themselves asset rich but cash poor, reverse mortgages are translating into tax-free monthly "pension" checks, providing a source of capital to help finance eldercare services like homecare and other necessities.

For Seniors, Creative Financing Catches On
Source: PR Newswire

This page is powered by Blogger. Isn't yours?