Reverse

Q3 Senior Home Equity Hits $6.1 Trillion Mark

The National Reverse Mortgage Lenders Association (NRMLA) has reported that homeowners aged 62 and older saw an overall 2.6 percent increase of $152 billion in senior home equity in the third quarter of the year, bringing the total to $6.1 trillion.

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“If you share a good idea long enough, it will fall on good people,” says Jim Rohn. In that spirit, we revisit an idea I have addressed in this column, but it keeps coming up in my interactions online, in-person, and on the phone with readers and industry colleagues, especially newcomers to reverse mortgages. At a recent gathering, an industry colleague asked: “Atare, aren’t reverse mortgages n

I locked the car and squinted as I looked up at my prospects house, a beautiful home, painted white with black shutters and surrounded by rhododendrons, azaleas and fir trees. On a closer look, weeds were popping up here and there. Dead plants in the planters box hung from the front step.

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