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Posts tagged "Mortgages"

Delaware seniors and reverse mortgages

Reverse mortgages offer a number of potential benefits for homeowners. Some wealth managers claim that by allowing senior citizens to generate supplementary income, these loans may be able to supplant traditional investment alternatives, like home equity lines of credit. One research director at Boston College even said that along with downsizing, reverse mortgages could be viable options for households where Social Security benefits and 401(k) plans fail to provide sufficient income.