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What is a Reverse Mortgage? 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 amoun...
Welp- lots of work went into this. Our "encyclopedia" of reverse mortgage information now live!215 Answered questions and counting... https://reverse.mortgage/info/
You’ve probably heard about a reverse mortgage as a special type of loan that retirees can use to help pay off a mortgage or increase cash flow during their later years. A reverse mortgage can be a safe financial alternative to selling the home in which you live and moving away from family and fr...