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According to the National Reverse Mortgage Lenders Association, homeowners 62 and older gained $226 billion in housing wealth in the third quarter of 2022, bringing the total senior home equity to a whopping $11.81 trillion.
“PrimeLending is committed to providing our customers with the best possible financial solutions, and we are thrilled to offer reverse mortgages to our product line,” said Steve Thompson, president and CEO of PrimeLending. “This new product will provide homeowners with additional financial flexibility and peace of mind during their golden years.”
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