Real Estate

Seminars planned on reverse mortgages

ECHO Housing, a nonprofit housing counseling agency, will hold a free seminar at the Pleasanton Public Library in May on reverse mortgage opportunities.

A reverse mortgage is a loan against home equity that provides cash advances to a homeowner. No repayment is required until the end of the term, or when the home is sold.

ECHO representatives said that many of today's reverse mortgages allow homeowners to reside in their homes for the rest of their lives, even if they outlive the value of their homes.

Cherisse Baptiste, an Alameda County reverse mortgage counselor, will conduct the seminar, which will be held at 1 p.m., Wednesday, May 23, in the library's community meeting room at 400 Old Bernal Ave.

The seminar is free and will be open to the public.

For more information call Baptiste at 510-581-9380, ext. 19.

Comments

 +   Like this comment
Posted by California Mortgage
a resident of California Reflections
on Apr 25, 2012 at 11:24 pm

Great thought for the issue which is concerned with one third of any country population and it should be carried in future also


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