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Hong Kong Lowers Reverse Mortgage Age to 55, Among Other Changes 

Sep 26, 2012By

The Hong Kong Mortgage Corporation Limited (HKMC) announced several improvements to its reverse mortgage product this week. Designed to improve the product for consumers, HKMC said it’s increasing the maximum property value payout from HK$8 million to HK$15 million and is lowering the the minimum age of borrowers from 60 to 55 years old to accommodate early […]