Tuesday, August 7, 2007

Reverse mortgages move ahead with seniors (Moldova.org)

When the last baby boomers retire, Americans 62 and older will have about $37 trillion in home equity waiting to be tapped, a lenders group says.Given that eye-popping amount, word is spreading about how seniors can use reverse mortgages to tap into money locked in their homes, the Dallas Morning News reported Tuesday.Borrowers are expected to take out 120,000 of the most popular reverse mortgage ...

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[Source: Yahoo! News Search Results for mortgages]

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