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A Few Interesting Demographic Statistics About Reverse Mortgages

Currently, there are 34 million Americans 65 or older. By 2030, this number should more than double to over 70 million, more than 20% of the U.S. populaton.

There are presently more than Twelve million people 65 or older who own their homes outright (no current mortgage.) This represents over $4 Trillion in untapped Home Equity.

Is there any doubt, in today's difficult economic times that the growth of Reverse Mortgages will continue?

Posted Monday Oct 19