Reverse Mortgages
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Reverse mortgages are becoming more readily available and popular as a financing option, particularly in the United States. These mortgages are generally used by older people who have accumulated a substantial amount of equity in their home. Most lenders require the borrower to be at least 62 years of age. Reverse mortgages are a good way for them to subsidize their retirement income.
About this poster:
Posted by:
mortgageadvice
(male, mid-30s)
(Posted 1/31/08)
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