Tuesday, February 22, 2011

Maine's Aging Population Renews Interest in Reverse Mortgages

As Maine's elderly population grows, more may find themselves "house rich" but "cash poor." Writing in the current issue of the Maine Policy Review, Portland attorney Andrew Helman of the Bernstein Shur law firm, says that makes the time ripe for reverse mortgages. But Helman told MPBN's Irwin Gratz that it would help if government created a program to certify lenders who took steps to make their reverse mortgages safer and more secure.

Read more: http://www.mpbn.net/News/MPBNNews/tabid/1159/ctl/ViewItem/mid/3762/ItemId/15245/Default.aspx

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