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Personal Finance Minute: Reverse Mortgages
From:
MarketWatch
on
Wed, Jun 30 2010 7:02 PM
The number of homeowners taking out reverse mortgages tripled from 2005 to 2009, perhaps in part because retired homeowners who are strapped for cash are using these loans to turn home equity into a monthly check, says MarketWatch’s Andrea Coombes.
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