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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jul 18, 2016
Page
12
Data shows U S homeowners over 62 hold more than 5 trillion dollars in unused equity. More than a million have tapped FHA insured Home Equity Conversion Mortgages to boost retirement cash, with growing lines of credit that rise yearly.
The article explains that HECM loans let homeowners borrow more than home value yet cannot exceed it due to non-recourse terms insured by the FHA. Lenders are protected, and heirs are not liable. A free 2016 HECM Information Kit and Educational DVD are offered by American Advisors Group at 1-800-820-5086.
The Clark County coroner ruled the 59 year old Glenn Franklin Jones died by his own action after detonating two bombs at the Panaca Nevada home of former co workers. Autopsy confirmed identity by fingerprints and investigators seek motive.
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