Reverse mortgages offer senior house owners an option to avoid cash poverty

Fri, Mar 30, 2012

Vancouver Real Estate

With investments showing low or negative returns while property values skyrocket, reverse mortgages are becoming increasingly popular. Reverse mortgages allow people over the age of 55 to withdraw equity from their homes without having to make a monthly payment or show they have income to qualify. The money can either be advanced, or arranged as a monthly payment to the senior for a set amount of time.

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