Monday, December 15, 2008

Portfolios Sliding Create New Interest in Reverse Mortgages

I had recently posted an article about my visit with a weekly book club. They had asked me to join them for a Q&A on Reverse Mortgages. One members driving factor for considering a Reverse Mortgage was to find a way to save money with the falling stock market eating away at her investments.

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.

To find out if a Reverse Mortgage is right for you, please contact me today at BHusen@Sunsetmortgageco.com.