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December 14, 2007
Panel Looks at Reverse Mortgages
According to statistics, U.S. seniors took out 85,639 reverse mortgages last year—up from 48,493 in 2005. However, some experts continue to warn about the risks associated with this product—which targets homeowners aged 62 and older—as well as the sometimes predatory sales practices and excessive fees.
Posted by S. Germain at December 14, 2007 07:49 AM