The reverse mortgage industry is no more a small industry. After covering the journey of so many years, this industry has become the major shareholder in mortgage industry. However, the fact could not be denied that the costs associated with reverse mortgage are too high to be afforded by majority of seniors. According to a recent survey by AARP, the high costs offered by reverse mortgage lenders prevent most of the seniors to extract the benefits of reverse mortgage.
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This entry was posted
on Sunday, February 24th, 2008 at 4:43 pm and is filed under Finance :: Mortgage & Debt.
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