The Real Deal New York

Reverse mortgages an ATM — for some

June 25, 2006 12:00AM

Want to turn a home into a cash machine? Try a reverse mortgages, some financial advisers say. It basically allows homeowners to take out a line of home equity credit they won’t have to repay while they live in the home. Technically, though, reverse mortgages aren’t a home equity loan. And they’re not for the younger among us. more [NYT]

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