Reverse mortgage

This is a home loan that gives cash advances to a homeowner, requires no repayment until a future time, and is capped by the value of the home when the loan is repaid. Some funding analysts believe greater use of reverse mortgages could significantly ease long-term care funding pressures on governmental sources.

Sign up for newsletters

In Focus

Feb. 21

Handmade holiday

Rochester, NY

Residents of St. John's recently were surprised with handmade Valentine's Day cards and gifts from local elementary school students.