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A Few Statistics about The Reverse Mortgage mArket

The Baby Boomers started turning 62 last year (2008) and over 15 million people will turn 62 every year for the next seventeen years.

Over 84 percent of senior respondents said that they wantto stay in their home for the rest of their lives.

The U.S. Department of Census estimates that by 2020, nearly 14 million Americans will be over 85.

The fastest growing segment of the population NOW is over 65.

Approximately 2 million elderly people pay privately for home health care.

There is just no doubt that the need for Reverse Mortgages will continue to grow for the foreseeable future.

Posted by Michael Pinter on 08/18/2009 08:47 AM

Comments (2)

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2 Comments on A Few Statistics about The Reverse Mortgage mArket

AUG

Hi Michael, I agree. the Reverse Mortgage is a great loan. It is expensive and not for all borrowers but when it is appropriate in can be a positive force to change lives.

Bill Ladewig

Bill,

Thanks for the comment. You are absolutely correct, they are not for everyone, but they are helping many. Feel free to subscribe to my blog to learn more.

Michael Pinter

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