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What is a Reverse Mortgage? How it Works, Explained in Simple Terms.

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What is a Reverse Mortgage Loan?  Simply put, a reverse mortgage is just a loan designed for homeowners age 62 and older that provides access to a portion of  equity without the burden of taking on monthly mortgage payments.  Like any other mortgage loan, you receive monthly statements showing the amount of interest that accrues, but with the option to...
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Reversemortgage.org Releases New 2018 Consumer Guides

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New Consumer Guides Walk You Through the Reverse Mortgage Process More than one million American homeowners have been served by Federal Housing Administration-backed reverse mortgages via the Home Equity Conversion Mortgage program. Now in its 27th year, the HECM program continues to enhance its consumer protections as lenders strive to improve the customer experience for both reverse mortgage borrowers and...
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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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