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    Assessing Reverse Mortgages as a Viable Retirement Security Alternative

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    mortgages.pdf (192.9Kb)
    Date
    2009
    Author
    Stalpes, Sean
    Kibble, Nicole
    Carden, Margaret
    Bedwell, Holly
    Advisor(s)
    Holden, Karen
    Metadata
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    Abstract
    Developed as an income security alternative, reverse mortgages allow seniors to convert their home equity into cash income. This report provides the U.S. Government Accountability Office an assessment of the risks to borrowers, lenders, and the government. The authors conclude that reverse mortgages represent a viable retirement security alternative, as long as borrowers are willing to incur the high upfront costs and rules and regulations are enforced.
    Permanent Link
    http://digital.library.wisc.edu/1793/36543
    Description
    For PA 869: Workshop in Public Affairs
    Part of
    • La Follette School Workshop Reports

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