The majority of the news that you are going to find about reverse home mortgage loans is going to be American news. That's because the United States is the leading place where seniors who own their homes are being offered - and taking advantage of - the reverse home mortgage. However, it's not the only place in the country where the reverse mortgage is an option.
In fact, more and more countries are starting to offer the reverse home mortgage to their elderly home-owning citizens. Australia and India are two countries that really stand out on the international reverse mortgage playing field. And we may be seeing a new face in that reverse mortgage game - Israel.
An article published this week in The Jerusalem Post discusses the possibility of using the reverse mortgage loan to finance life in senior years. The information in this article isn't new to those people who are already familiar with the reverse mortgage. However the fact that it's coming out of Israel gives a new twist to the news.
Question of the Day: Which countries are emerging as leaders in the reverse mortgage industry?
