June 21st, 2008
Help for my grandmother
My grandmother is a six years of age — she has been retired for many years, but she’s still very active and is in great health. Because all of her children are grown now and none of them need any assistance, she recently decided to take out a special type of home refinance package — it is called a reverse mortgage. Put in its simplest terms, she has secured a kind of a lone based on the equity that she has built up in the home that she has lived in all of these years. She has the option of either making a payment on that loan, or she can simply pay the loan back whenever she decides to sell her house extra income that she needs to meet her day-to-day living expenses.
