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In this article from Forbes,
Jake Guttentag, aka the “Mortgage Professor,” brings up an excellent selling
point for reverse mortgages by discussing the use of a HECM to protect
against future loss of income and financial assets. He says that by taking
out a credit line on a HECM and not using it until needed, a senior borrower
is then able to take advantage of the fact that the unused credit will grow
over time, thus providing the needed financial stability should a person
become especially long-lived.
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