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Reverse Mortgages Offer ‘Tremendous’ Opportunity for Financial Planning

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Commonly perceived as scams or loans of last resort for the financially needy in the past, reverse mortgages have the potential to become popular tools to help Baby Boomers face one of their biggest challenges yet: retirement.

A number of factors have increased the appeal of reverse mortgages in financial planning today, including the various studies laboring on the points that many Americans have either not saved enough for their retirements, hold few assets, but maintain high stores of wealth tied-up in their homes.