Finally a reverse mortgage for younger boomers
Lower age requirement and closing costs are key draws
By Tom Kelly, Wednesday, November 14, 2007.Sixty-two, 61, 60 -- The age requirements for one reverse mortgage product just got "younger."
Melville, N.Y.-based Lender Lead Solutions recently introduced Simple60, a new reverse mortgage product available to homeowners aged 60 and older. Reverse mortgages offered to date require that borrowers be at least 62 years old.
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Copyright 2007 Tom Kelly
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