RAM mortgage idea could change home funding for retirees
Federal Home Loan Bank Board endorses reverse annuity mortgages RAMs allow homeowners to borrow against home equity and receive monthly payments rather than lump sums The program targets fixed income seniors with substantial equity estimated at about 90 billion dollars enabling lifetime income through structured payments or delayed annuity begins.
MENTIONED IN THIS ARTICLE
Federal Home Loan Bank Board
Community Calendar Events for Aiken and Nearby Venues
Tonight listings include the Aiken Chess Club at Odell Weeks Center at 7 p.m. and the Aiken Running Club also at 7 p.m. Dickerson Lodge and Area II Advisory Council meet at 7:30 p.m. Aiken A A at 8:30 p.m. and Al-Anon at 8:30 p.m. at Linden Street, plus Narcotics Anonymous and A A in various locations. Tomorrow schedules show museum hours, bridge at Odell Weeks Center, and evening chapter meetings at Masonic Temple and York Street locations. News brief notes national health insurance outlook remain doubtful without hospital cost containment.
MENTIONED IN THIS ARTICLE
Aiken Chess Club
Odell Weeks Center
Aiken Running Club
Dickerson Lodge
Masonic Hall
Area II Advisory Council
Aiken A.A
Linden St
Al-Anon Family Group
Aitken County Museum
Recreation Department
Queen City
O.E.S
Masonic Temple
Narcotics Anonymous
York St
S.E
Myrtle St
New Ellenton
NHS
United States
CNS
Also Mentioned on This Page
James M. Woodward
Copley News Service
America
CSRA
Laurens SW
Aikene¢North
Augusta
eDaniel Village
Southgate
Pantyhose Moor
Ort
Reptile
Goldtone Rand