Boomers tap reverse mortgages to support lifestyles

With the housing boom of recent years, more 50+ Americans house-of-money1.jpgare tapping into their home equity to support themselves. So-called “reverse mortgages” are being offered by a growing number of lenders—and Baby Boomers are the biggest takers. That’s because Boomers are less frugal than the midlife Americans that came before them…and more aggressive about supporting their lifestyles.

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