Reverse Mortgage: Rescue or Trap?

October 16, 2009

Retirement isn’t so golden if your fixed income won’t cover the bills. A reverse mortgage may come to the rescue. But drawing equity can be complicated and risky.

Resources

• The National Reverse Mortgage Lenders Association (NRMLA) for reverse mortgage lenders and related professionals.
  
• The Federal Housing Administration's "Top Ten Things to Know if You're Interested in a Reverse Mortgage."
  
• AARP's guid for what every reverse mortgage borrower should know about these kinds of loans.

The Host

Through most of her distinguished reporting career, Sheilah Kast has focused on the economy and workplace and how they affect people's lives. Well known to viewers of public television, ABC News, and CNN, she has covered the White House and Congress.

Kast also reported on the Washington aftermath of the Sept. 11, 2001 terror attacks. Her stories included an investigation of anthrax in the mails and the struggles of bereaved Pentagon families to secure benefits.

At The Washington Star, in her first reporting job, Kast covered financial regulation, taxes, and energy. Her expertise in these important issues eventually led her to start a national public-television show, "This Week in Business," which she hosted in association with Business Week magazine.

Ms. Kast is a skilled interviewer. She has often hosted NPR's Weekend Edition Sunday and has her own current-affairs interview show on public radio in Maryland.

Contact Us

Inside E Street - AARP
Techworld Station
P.O. Box 50239
Washington, D.C. 20091-9998
E-mail: estreet@aarp.org