Transamerica Home First has introduced its reverse mortgages in Hawaii. They had previously been available in 15 other states and the District of Columbia.
The unit of Transamerica Corp. is offering two plans. One allows older borrowers to receive monthly cash advances whether or not they remain in their homes. The other is a line of credit for senior homeowners who want a source of funds but don't need the regular monthly income offered by the lifetime product.
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