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More Ohioans Tap Home Equity Through Reverse Mortgages

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Ohio State University researcher Stephanie Moulton, and Homeport housing adviser Layden Hale say younger retirees are using reverse mortgages to ease financial concerns.
7:19AM
April 12, 2012

The federal government says the number of Ohioans taking out reverse mortgages on their homes has more than doubled in the past five years. Reverse mortgages allow older homeowners to access a portion of their home’s equity. But, the reverse mortgage’s growth in popularity comes even as seniors see their retirement savings dwindle.