Even though reverse mortgages are currently still a small part of the U.S. mortgage market, they are expected to dramatically increase in the coming years.

In a recent report, UBS analysts said they expect reverse mortgages to rise considerably going forward as a growing percentage of the baby boomers turn 62. They explained that to take out a reverse mortgage, a borrower must be at least 62 years old, adding that 2008 brings the oldest of the baby boomers to that age.

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