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Friday, June 29, 2012

Thinking Of A Reverse Mortgage? Here Are Things To Watch Out For And Some Alternatives

With a large group of Americans at or nearing retirement age -- and with many of them having inadequate savings to last them through retirement -- so-called "reverse mortgages," wherein a lender converts the equity on a home into monthly payments to the homeowner, are being marketed as a financial cure-all to people wondering how they will be able to afford their golden years. But before anyone dives into the reverse mortgage pool, there are some thing worth pointing out.

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