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Reverse Mortgage Info Knowledgebase » Listing Details |
| ID: | 5 |
| Title: | Just the Facts - A Primer on Reverse Mortgages - http://www.bc.edu/centers/crr/jtf_3.shtml |
| Pagerank: | 0 |
| Description: | Housing equity is the most important asset for the vast majority of Americans. In principle, this asset might be used to support consumption in retirement. Reverse mortgages were envisioned as a mechanism that would allow older people to consume their housing equity without selling their homes. Yet this market is extremely small — less than one percent of qualified homeowners have a reverse mortgage. This brief provides an overview of reverse mortgages and explores possible reasons for their currently limited appeal. |
| Category: | Consumer Information: Government and Non-Profit Materials |
| Link Owner: | Center for Retirement Research at Boston College |
| Date Added: | December 20, 2006 08:00:39 PM |
| Number Hits: | 7 |
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