Tag: reverse mortgage

Home equity loans may help elderly living in poverty

Home equity loans may help elderly living in poverty

| 19/12/2022 | 101 Comments

(CNS): Some elderly people in the Cayman Islands are living in poverty because of inadequate pensions but are sitting on significant equity in their homes. The government has therefore accepted a private member’s motion to consider introducing reverse mortgages to enable seniors to access that capital. Finance Minister Chris Saunders (BTW) told parliament last month […]

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