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Many seniors are asset rich but still struggle to make ends meet. But a growing trend in lending is helping solve that problem by allowing them to tap into their housing equity. The unusual loans, called reverse mortgages, are attractive to many older homeowners because they don’t have to sell their properties or take on new loan payments. They also aren’t at risk of losing their houses if they can’t make those payments. The money can be taken as a line of credit, as a lump sum or in monthly installments. More…