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Reverse mortgages paying debts: study

posted 40 weeks ago on Reverse Mortgage Loan Blog

Senior Australian are taking up reverse mortgages to pay down debt, fund home improvements and supplement their income in retirement, a study by Royal Bank of Scotland (RBS) and Deloitte finds. The study of 425 retirees found 32 per cent of funds from reverse mortgages were used to fund home repairs and renovations, 18.7 per cent [...]a Reverse mortgages paying debts: study
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