The Home Equity Conversion Program for Retirement

More than ever, seniors in or near retirement are struggling to create a reasonable lifestyle in their golden years. Many have mortgages, short debt and family obligations, such as long-term care costs for their aging parents and unpaid college loans from their children. Because of these generational obligations, baby boomers have been dubbed the sandwich generation. But there may be some relief for retirees coming from the government. The Home Equity Conversion Program may be a solution that can generate needed income, or purchase a home for half its value. It can extend a line of credit annually, and appreciate uncorrelated to the market value of the home. With me today to talk about the Home Equity Conversion Program is popular platform speaker, author and nationally recognized HECM authority Don Graves. Watch the interview for more information on these specific HECM loans.

http://www.onthemoneynews.com/little-known-government-programs-that-may-save-retirement-dreams-right-on-the-money/