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Demand for reverse mortgages
has spiked recently. In 2019, there was an average of 2,600 reverse mortgages
opened per month, while there were 5,000 this May alone. Those affected by
the COVID-19 economy have turned to the program as a viable financial solution.
Check out this article from The Mortgage
Reports for more information and a comprehensive breakdown of the
program that may help you better explain the benefits to your clients.
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