Boom Times

July 2007
National Mortgage News;7/23/2007, Vol. 31 Issue 42, p4
Trade Publication
The article reflects on the growth of reverse mortgages in Florida. He cites that reverse mortgages are increasing in the state even as existing home sales and condo sales show double-digit percentage declines. He predicts that the state will be the destination for retirement of the baby-boom generation. In addition, he stresses that consumers can benefit from reverse mortgages by giving them cash flow derived from the equity in their homes.


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