Home Equity Conversions. Reverse Mortgages

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TR Number
Date
2009-05-01
Journal Title
Journal ISSN
Volume Title
Publisher
Virginia Cooperative Extension
Abstract

Many senior adults are finding it hard to live on their fixed retirement incomes and are looking for ways to supplement those incomes. For some, the largest asset they own is their home, but they do not want to sell their home and move. For these individuals, there is an option called Home Equity Conversion (HEC). One type of home equity conversion is a reverse mortgage.

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Keywords
Family Financial Management
Citation