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The Mortgage Professor: Should seniors buying a house do it with a HECM reverse mortgage?

Today at 7:11 a.m.

Many home purchasers are seniors. Some become homeowners for the first time, but most have been and want to remain homeowners. They just don't want to remain in their current house. They may want a house that has no stairs, or one that is closer to family or friends, or in a warmer climate. In many cases, they want to downsize, both the physical house and the financial burdens that come with it.

 

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