Reverse Mortgages - CT

What is a Reverse Mortgage? Where can I get one? Who would be the likely people to use a reverse mortgage?

• First a reverse mortgage is exactly what it says, instead of you paying the lender every month like a traditional mortgage, in a reverse mortgage the lender "pays you" every month.
• How much cash could you get if you sold your home?
• Many homeowners find staying in their own home when their older a better alternative than selling their home and moving into a rental.
• AARP link to questions and answers is http://tinyurl.com/elbva
• Another useful link is http://www.reversemortgage.org/

Thinking of selling this year? What's your home worth?