Reverse mortgage book a must-read for seniors

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If you are 62 or older, own your home, hope to do so someday, or have an elderly parent or relative, studying "Reverse Mortgages for Dummies" by Sarah Glendon Lyons and John E. Lucas can be the most profitable time you will ever spend. This new manual for senior-citizen homeowners who are "cash challenged" shows how to tap home equity to provide lifetime monthly income, a lump sum, or a credit line (except in Texas) which doesn't have to be paid back to the lender until the owner moves out for more than 12 months, the home is sold, or the owner dies. Purchase Bob Bruss reports online. The authors anticipate questions readers want answered about reverse mortgages, which pay money to the senior-citizen homeowner (just the opposite of customary home loans, which require payments to the lender). Right up front, Lyons and Lucas emphasize (a) the lender doesn't take title to the home, (b) the homeowner can never lose their home even if they outlive their home equity and life expectancy...