Reverse mortgages drying up

Feb 09 2009 Updated July 4, 2023

The Weekly Source

1 min read

The alternative of staying at home and drawing down on the equity in your home is evaporating for many, as the number of reverse mortgage funders declines in line with increasing uncertainty on home values. The 22 reverse mortgage suppliers is now reported to be down to less than ten. This has led to the rating firm Canstar Cannex that has specialized in grading reverse mortgages to abandon this service.

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Lauren Broomham

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