Money Smart Program: Reverse Mortgages
Date: Mon. April 21, 2008
Time: 7:00 pm
Location:
Northtown
6435 N. California Avenue
60645
Program: Money Smart
About this event:
The Reverse Mortgage is a type of loan that enables senior home owners to tap into the equity they have in their homes and receive cash proceeds. Unlike traditional equity loans, no repayment is required until the home owner is no longer in the principal residence. Learn how these various products work, how someone qualifies, costs involved and the mandatory HUD counseling session required to apply for this loan.
Presented by Wells Fargo.
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