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The minimum qualifying age for a reverse mortgage is 55

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Posts Tagged 'home equity conversion mortgage'

What is a HECM: Home Equity Conversion Mortgage

May 3, 2013 2 comments

We have all seen the commercials with Fred Thompson or Henry Winkler (a.k.a. “The Fonz”) touting reverse mortgages as a financial product that can help you remain in your home and improve your cash flow in retirement. However, you may not be too familiar with how reverse mortgages actually work, who they can benefit, and the different kinds of options...
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