Reverse mortgage expensive but may assist retirees - 2004-01-05
Retirees may not like reverse mortgages. But they will learn to appreciate them.
One glance at these loans, and you will likely suffer severe sticker shock. Reverse mortgages, which allow those aged 62 and up to borrow against their home's value without making any repayments during their lifetime, are pretty darn expensive. Nonetheless, I would advise boning up on the topic, for one simple reason: These things are going to be huge.
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