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Poll: Is a reverse mortgage still a good idea?

Seniors will be experiencing changes in the reverse mortgage program by January. HUD will limit the amount of equity that seniors can withdraw from their home by 12-15%. Requirements to qualify will also be strengthened. HUD plans to implement the changes to ensure the programs health for retiring baby boomers. With the new changes seniors want to know if it is still a beneficial program.
Results by voter:
Mortgage Professionals

Poll started 12:00AM Oct 29
Poll ended 12:00AM Nov 5

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