A reverse mortgage is a loan, created especially to allow homeowners 55 or over, to access the equity in their home, without having to sell or move. In many cases, it’s a better option than a traditional Home Equity Line of Credit. With a reverse mortgage you can choose not to make any payments. You can stay in your home as long as you want, you can never be forced to sell or move.
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A reverse mortgage is a loan, created especially to allow homeowners 55 or over, to access the equity in their home, without having to sell or move. In many cases, it’s a better option than a traditional Home Equity Line of Credit. With a reverse mortgage you can choose not to make any payments. You can stay in your home as long as you want, you can never be forced to sell or move.
