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Biz Brain: Reverse mortgages may unlock funds for retireesThe Star-Ledger - NJ.comAre reverse mortgages truly beneficial to homeowners? What are the disadvantages? Does everyone 62 years of age qualify regardless of their situation? Are there tax consequences? A. Anyone 62 and older qualifies for a reverse mortgage.and more »

THE proportion of retirees taking out reverse mortgages will grow in the coming years, as the borrowing option becomes an income supplement rather than a way of paying for holidays, an industry body says. Retirees' reverse mortgages grow - Deloitte

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Australia, the land of many options. Well, at least when it comes to mortgages. In Australia they are weathering the global financial crisis just fine thank you. In another article I mentioned that they reminded of the story of the boy in the plastic bubble. It almost seems as though they have this protective bubble around them that has made them almost immune to the financial problems that have almost devastated the rest of the world. Their mortgage industry is doing great and although their interest rates are not the lowest they certainly rank among the best, Australia has some of the best mortgage rates in the world.

Reverse mortgage when used properly can in return produce high returns and can extensively improve the lives of senior homeowners.With every passing day, Reverse Mortgage is gaining popularity among the elderly American citizens, since it’s the only loan that provides the house-rich but cash-poor seniors the convenience of converting their home equity into tax-free.