reverse mortgage Reverse Mortgage Simplified

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Reverse mortgages have been around since the early 30s. Since then, there have been incremental improvements in the technology that makes them affordable for mainstream homeowners. These loans, however, have generally been offered by investment firms, financial institutions (especially in Asia), and “special purpose acquirers” (SPAs) with strong reputations for quality and transparency. Their underlying experience in the marketplace is that customers are more suited to underwriting risky high-risk loans with MACs than are consumers who need credit for everyday purchases.