Summary
Mortgage Lending - Reprint
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Reverse mortgages--the next hot spot?
A REVERSE MORTGAGE IS A special type of home loan that allows eligible homeowners to convert a portion of their home's equity into cash. Despite recent troubles in the national mortgage market, reverse mortgages are growing at a rapid rate. Expansion of this hot spot in mortgage lending is expected to continue with increasingly flexible products, new sources of capital and a growing supply of potential borrowers. As the reverse mortgage market develops, it is important that potential borrowers are educated about this complex product to prot...
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