Nov
6
Kiplinger — Reverse Mortgages Worth A “Second Look”
November 6, 2008 |
Kiplinger is telling folks that reverse mortgages are new, improved and worth a second look: “Retirees concerned about their decimated savings should take a second look at reverse mortgages,” says the magazine. “Beginning November 1, 2008, homeowners everywhere may borrow up to $417,000. Previously, the Home Equity Conversion Mortgage program assigned various lending limits, ranging from $200,160 in rural areas to $362,790 in the most expensive housing markets. Existing reverse-mortgage borrow
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Kiplinger — Reverse Mortgages Worth A “Second Look”
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