Reverse mortgage for home purchase dispels monthly payments

      DEAR BOB: My husband is 68 and I am 64. I work at a school cafeteria, but he is retired due to disability. We've never owned a home, always renting apartments where we raised our two kids. Although we have limited income from social security, pension and my school earnings, is there any way we might buy a small house or condo? -- Barbara G.
      DEAR BARBARA: Yes. Fannie Mae offers an excellent reverse mortgage for home purchases by senior citizens who are at least age 62. No monthly payments are required. For details, call 1-800-7FANNIE for names of local lenders who originate reverse mortgages for Fannie Mae.