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As home prices continue to rise, one growing point of interest for many homeowners are reverse mortgages, with older Americans sitting on a record $10 trillion in home equity, according to data from the National Reverse Mortgage Lenders Association.
“There’s no doubt that market volatility, inflation, and the impacts of high home price appreciation…have created headwinds for retirees and pre-retirees,” said Kristen Sieffert president details ⇒
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