HUD offers 'reverse mortgage' program for senior citizens - 2005-05-27
Many older Americans facing retirement want to find a way to boost their monthly income. Today there are home ownership options that can help seniors optimize cash flow and promote peace of mind.
One option, a reverse mortgage, lets seniors to borrow against the equity in their home without repaying the debt for as long as they live there. That's the "reverse" part of this kind of mortgage loan.
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