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Archive for November 3, 2013

What Are the Benefits of Reverse Mortgages?

Written by admin. Posted in Reverse mortgage, Reverse mortgage guidelines, Reverse mortgage qualifications

Reverse mortgage rules

Just like all Americans, senior citizens are experiencing a period of extreme financial duress. While most retirees receive social security benefits, others are seeing their pensions disappear as the economy continues to lay waste to companies that were once juggernauts of industry. One of the most popular solutions for older homeowners looking for an easy, reliable way to supplement their income is FHA reverse mortgages.

Recent statistics show that as many as 107,000 Americans receive reverse mortgages every year in the United States. The average recipient is 69 years old. If you or your loved ones are experiencing fin