Can a reverse mortgage help you have a better retirement?: "Three years ago, Loxahatchee resident James Gamble was preparing for retirement. His home was paid off, he wasn't married, and he has no children needing an inheritance.
So to finance his retirement - and a summer home in West Virginia - Gamble took out a reverse mortgage, getting about $200,000 out of a house he paid an estimated $85,000 for in 1994."
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