Senior Connections

Farmingdale Public Library

Newsletter Topic of the Month

November/ December 2015

Learning Basics of Reverse Mortgages

Much has been written about pro's and con's of Reverse Mortgages. This topic of the month helps senior patrons (62 years and older), considering Reverse Mortgages, to decide what's financially and psychologically best for them and their families/heirs. The topic covers:

  * Basic Requirements

  * Government Involvement/Guidance

  * Expense/Income Analysis

  * Alternatives for Consideration

If you are interested in learning more, please visit us (Senior Connections) at Outreach Services room in library 10am-12noon Tuesdays, Wednesdays, Thursdays. We will be glad to walk you through critical steps that are recommended before making your final decision. Please call library at 516-249-9090 to notify us in advance.