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Housing wealth for American
seniors aged 62 and older increased by 1.6% in Q1 2020, to a new all-time
high of $7.54 trillion. Senior home values were one of the main factors
leading to the new high, increasing by 1.4%, or $132B. With record high
housing wealth, many seniors are in a position where a reverse mortgage
could help them navigate today’s economic turmoil. Read more in this
article from National
Mortgage Professional.
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