Growing Number of Seniors Rely on Reverse Mortgages to Finance Home Care

Seniors are living longer than ever before — and that often comes with a higher price tag for which many people are unprepared.

Home care remains among the least expensive and most preferred option for the older population. Still, a growing number of seniors are struggling to pay for it.

While states such as Washington looked to long-term tax programs to help offset the problem, many aging Americans are beginning to eye reverse mortgages as a way to finance aging in place, according to loan officers.

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