Home equity sharing attracts investors, boomers (Everett Herald)
Story date: 2008-01-20 12:22:00
Added on: 2008-01-20 06:00:21
Equity sharing was viewed as the biggest negative to early reverse mortgages and it still plagues the reverse industry today. However, a San Francisco-based company is resurrecting the concept of sharing home equity -- with no interest, no payments and no age restrictions.
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