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Effective debt |
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| A reverse mortgage (also called a home equity conversion mortgage) may be an effective debt management tool for senior citizens. The city's rating of 'A' is based on its sound financial management, improved financial position, diverse revenue stream, and moderate effective debt profile. Our results reflect an active and productive year with contributions from our acquisition activities, our mezzanine financing programs, effective debt financings and our property management and leasing activities. |
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