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Real Estate


Tom Kelly
Tom Kelly
The Real Estate Adviser
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May 20, 2004

The Real Estate Adviser: Reverse mortgages may cover care costs

By TOM KELLY
Special to the Journal

The key to aging in place for older homeowners might be right under their noses.

Dr. Barbara Stucki, a Bend, Ore., researcher and consultant, plans to complete a study next month for the National Council on the Aging that supports tapping home equity via a reverse mortgage as the critical financing vehicle to help seniors afford long-term care services at home.


 
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