What is a reverse mortgage?

A reverse mortgage is a loan that allows homeowners to convert part of their home equity into cash, typically for seniors aged 62 and older.

Who qualifies for a reverse mortgage?

To qualify, you generally need to be at least 62 years old, own your home outright or have a low mortgage balance, and meet certain income and credit requirements.

What are the benefits of a reverse mortgage?

Benefits include access to cash without monthly payments, the ability to stay in your home, and financial flexibility during retirement.

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Reverse Mortgages - page 1

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Reverse Mortgages

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