I found a great article today in the Oregonian’s business section that was addressing this very issue. The article was titled “Reverse mortgages more appealing as portfolios slide”.
I was thinking how timely this was, as I was just discussing this couple weeks ago.
The article goes on to state how Reverse Mortgages have been growing fast in popularity for this very reason. As of this month, over 100,000 homeowners have taken out a reverse mortgage in 2008.
If you would like a copy of this news article, please let me know. I can email it to you or mail you an physical copy.