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When a reverse mortgage can make sense – "I believe there would be a benefit to you from a reverse mortgage," says John Salter, an associate professor in the Department of Personal Financial Planning at texas tech university. aren’t.

Reforms Come to Reverse Mortgages – Ten days later, she got another shock: a letter from a loan servicing company. set up a reverse mortgage as a standby line of credit, says John Salter, a certified financial planner and professor.

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