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REVERSE MORTGAGE
What is a reverse mortgage?
A reverse mortgage, is a special type of home loan available only to homeowners who are 62 and older. Unlike a traditional mortgage, a reverse mortgage does not require borrowers to make monthly payments. Rather, the balance of the loan grows over time as the borrower makes withdrawals and as interest and fees are charged.
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Is it right for me?
Maybe! In the right situation to the right person, a reverse mortgage can be the key to financial stability for life. However, for other people a cash-out refinance or home equity line of credit might be a better option.
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I'd love to connect with you to see if a reverse mortgage is in your best interest.
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