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Very Good Reverse Mortgage article in Yahoo Finance & Kiplingers

Yahoo Finance posted a very positive Reverse Mortgage piece that was originally in Kiplingers. There are a few issues, like where it says that Reverse Mortgages are only if you paid off your loan or have a small balance (I just paid off a $400,000 loan with a Reverse) but overall it is a positive piece.

Here is the link:

http://finance.yahoo.com/focus-retirement/article/107465/reverse-mortgages-to-the-rescue.html?mod=fidelity-livingretirement

Posted by Michael Pinter on 08/12/2009 08:16 AM

Comments (4)

Reverse Mortgage in the Mortgage / Finance Channel

reverse mortgage, reverse mortgage information

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4 Comments on Very Good Reverse Mortgage article in Yahoo Finance & Kiplingers

AUG

Thank you for sharing this article - great read! Let's kepp in touch! I subscribed to your blog!

Diane or Bob,

Thanks for subscribing and for the kind words.

Michael Pinter

I have to think that more and more people are going to need to use reverse mortgages as their retirement savings has been devastated. They are certainly a great tool.

AUG

Mark,

I think Reverse Mortgages will continue to grow for at least ten to fifteen years. As the Baby Boomers age, every year for the next seventeen years will have fifteen million people turn 62. Thanks for the comment.

Michael Pinter

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