About Reverse Mortgages

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About Reverse Mortgages
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A Reverse Mortgage is a loan for homeowners who
are at least 62 years of age, which allows them
to convert part of the equity from their primary
residence into cash. (Investment Properties and
second homes do not qualify) In the United States
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To qualify for About Reverse Mortgage, you must
be at least 62 years old and own a home with
significant equity. Many seniors are not able to
refinance their homes or qualify for a new
mortgage because they are retired and do have the
income to help prove they are able to pay back
the loan.
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Reverse Mortgages are not for everyone, but if
you answer yes to more than one of these
questions, it may be for you Are you over the
age of 62? Do you own a home with significant
equity? Do you want to remain living in your
home and dont plan to move out? Do you need
money now to pay for your most important
expenses? Do you want an emergency fund you can
use when you need it? Does your younger spouse
want to continue living in the home if the older
borrower dies? Do you want a more meaningful and
fulfilling retirement?
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For More details you can visit our web site