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Reverse mortgages may suit some seniors says columnist
A Canadian columnist discusses reverse mortgages and who benefits. It notes that borrowers can take up to a third of home equity tax free, with interest accruing and potential estate consequences, and compares to home equity lines of credit as a cheaper alternative. It cautions that large equity plus low income and difficult heirs can justify the strategy.
MENTIONED IN THIS ARTICLE
Sme
Garth
Jean
Victoria
Canada
Feds
Ottawa
CHIP
National Post