Mortgage
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What is a Reverse Mortgage?
A reverse mortgage is a type of home loan available to homeowners aged 62 or older, which allows them to convert part of the equity in their home into cash. Unlike a traditional mortgage, where the homeowner makes monthly payments to the lender, a reverse mortgage allows the lender to make payments to the homeowner. […]
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How Can You Refinance Your Reverse Mortgage?
If you’ve been a homeowner for a while, and you are 62 or older, then you could be eligible for something called a reverse mortgage. There is a chance that you are already aware of this option, and there is also a chance that you have used it. That is why you have started thinking […]