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What is a Reverse Mortgage? Learn How it Works & if It’s Right for You

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A reverse mortgage is a loan designed for borrowers age 62 and older that gives borrowers access to a portion of their equity but freedom from the burden of monthly mortgage payments.  Like other loans, borrowers receive monthly statements showing the amount of interest that accrues, but borrowers have the choice to defer payments until the home is sold...
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Want to Take Advantage of the New Reverse Mortgage? Here’s What You Need to Know.

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Are you looking to tap into your home equity as a way to boost monthly cash flow or save for a rainy day? The new reverse mortgage can help. Reverse mortgages have been around for decades to help retirees improve their financial situations as their incomes decline. Under the federally insured Home Equity Conversion Mortgage (HECM) program, these loans...
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Can I get a New Reverse Mortgage?

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I received notice from unnamed company indicating my property value has increased and I might be eligible for a new reverse mortgage with additional cash lump sum or increased line of credit. Is this a scam? We don't participate in this type of marketing because we don't agree with it but it is not a scam.  If your property goes...
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