Cash-strapped homeowners eye equity sharing

Reverse mortgage alternatives charge zero interest, reduce upfront costs

The soft national housing market and chaotic mortgage environment has sent lenders and investors back to the drawing board in an effort to sharpen their pencils and produce an alternative to corral new business.

The latest niche product designed to tap the trillions dollars of equity tied up in seniors’ primary residences has spread not only to second homes but also to residential rentals and commercial properties.