Is a Reverse Mortgage Right For You?

Older adults are invited to a special presentation on reverse mortgages April 18 from 1:30 to 2:45 p.m. at the . 

Cherisse Baptiste from the non-profit ECHO Housing organization will discuss how reverse mortgages work.

According to publicity issued by the library about the event, a reverse mortgage is a loan against accumulated home equity that provides cash advances to certain homeowners at least 62 years of age. Many of today's reverse mortgages allow the homeowner to reside in their home for the rest of their life, even if they out-live the value of the home. A reverse mortgage may be the answer some people are looking for, but it should be discussed with family as well as any heirs who will have decisions to make concerning the repayment of the loan.

This presentation is free and no reservations are needed. 

For more information, contact librarian Anthony Dos Santos at (510) 670-6283 adossantos@aclibrary.org .