Sould the rural elderly opt for the new equity conversion plans?

Extract: Elderly homeowners should look before they leap into one of the new plans to tap the idle value of their home equity and turn it into cash. While such an equity conversion plan may be just what they've been looking for, the plans can be difficult to evaluate. Some plans will increase t...

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Bibliographic Details
Published inRural development perspectives - U.S. Department of Agriculture, Economic Research Service (USA) Vol. 2; no. 2
Main Author Meeks, C.B
Format Publication
LanguageEnglish
Published 01.02.1986
Subjects
BIEN ETRE SOCIAL
BIENESTAR SOCIAL
ESTADOS UNIDOS DE AMERICA
ETATS-UNIS
HIPOTECAS
HYPOTHEQUE
LOGEMENT
PRESTAMOS
PRETS
VIVIENDA
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Summary:Extract: Elderly homeowners should look before they leap into one of the new plans to tap the idle value of their home equity and turn it into cash. While such an equity conversion plan may be just what they've been looking for, the plans can be difficult to evaluate. Some plans will increase their income taxes or make them ineligible for public assistance. Before deciding, it would pay to look into other sources of financial aid, such as a loan secured by a traditional mortgage or a low-interest loan from a State government
Bibliography:E50
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