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Elder Law

: Elder Law Blog

GAO report finds insufficient oversight of Reverse Mortgage marketing

By Kim Dayton

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HECMs can provide borrowers with multiple benefits, but they also have substantial costs and are relatively complex. HECMs allow seniors to convert their home equity into flexible cash advances while living in their homes. Additionally, the borrowers or their heirs...

Full post as published by Elder Law Blog on July 01, 2009 (boomark / email).

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