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Detailed text transcripts for TV channel - FOXNEWS - 20131116:23:36:00

Thompson tell me about reverse mortgages, but, does that factor into this? >> its a good option if youre really strapped for cash when it comes to retirement. basically if youre 62 years or old, and you own a home, you have equity, you can tap into that equity, get it in a lump sum or monthly payment. its not the best option for your heirs because upon your death, your heir also have to pay that money back. but its a really interesting option and well see reverse mortgages become more attractive...
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