Reactions to story from Reverse Mortgage Daily News
Reverse Mortgage Alternative Product Halts Applications, Remains Open
http://reversemortgagedaily.com/ 2008/ 10/ 13/ reverse...
Equity release products offered by companies like REX & Co and Equity Key have received a lot of coverage in the past few months, but it looks like the turmoil in the financial markets is starting to take its toll on these types of products. Last week, REX & Co announced that its REX Agreement isn’t being made available to new applicants at this time but the company remains in business. The REX Agreement allowed homeowners to receive cash in exchange for a percentage of their homes future appreciation. Over the past year as homeowners struggled to find a way to get cash from the
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