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A mortgage lifeboat: for gay and lesbian seniors without a lot of savings, reverse mortgages can provide a more comfortable life--or an earlier retirement.(PERSONAL FINANCE)
Publication: The Advocate (The national gay & lesbian newsmagazine) Publication Date: 28-MAR-06 Author: Allen, Dan
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COPYRIGHT 2006 Liberation Publications, Inc.
As he approached retirement age, gay San Diego senior Tom Giles, who is single and has no children, didn't have the kind of savings or support structure that could guarantee a comfortable lifestyle after the paychecks stepped coming. But he did own a duplex, one haft of which he continues to live in while he rents out the other half.
So Giles decided to take out a reverse...
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