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Home equity: A potential source of financial leverage for some
One of the largest asset many folks heading into retirement have available is the equity in their home and, while many are reluctant to take advantage of it, there are situations where it might make sense. An article by Steve Vernon of Moneywatch takes a look at the reverse mortgare and Home Equity Conversion Mortgage (HECM) topics ib an article posted at www.cbsnews.com, and dispells some of the rumors surrounding the use of this piece of the financial planning puzzle. Read his article here…
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