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The right way to use a reverse mortgage

QUESTION: I'm a 73-year-old widow who receives about $1,150 a month from Social Security and a pension. I own a small home valued at about $100,000, but no other assets. I have about $25,000 in debt that requires payments of $600 a month.

By the time I make my loan payments and pay other expenses I'm barely scraping by. My kids have their own families and expenses, so they can't help out. I'm considering doing a reverse mortgage so I can pay off the debts and get a little breathing room. My kids are okay with this option?what do you think? - Mary M., Sweetater, Tennessee

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First M'sia-Japan Joint Committee Meeting In Tokyo

KUALA LUMPUR, July 5 (Bernama) -- The First Malaysia- Japan Joint Committee Meeting, established under the Japan-Malaysia Economic Partnership Agreement (JMEPA) in 2005, will be held in Tokyo on July 13. The meeting will be jointly held by International Trade and Industry Minister Datuk Seri Rafidah Aziz with Japan Foreign Minister, Taro Aso; Economy, Trade and Industry Minister, Toshihiro Nikai; and Minister of Agriculture, Forestry and Fisheries, Shoichi Nakagawa. The meeting is expected to adopt the rules of origin operational procedures, decision on implementation of tariff rate quota as well as rules, procedures and financial arrangement of the joint committee. In a statement, the Ministry of International Trade and Industry (MITI) said the adoption of rules and decisions would signify the formal implementation of the JMEPA beginning July 13, 2006.

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