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Benefits of a reverse mortgage

Is a reverse mortgage worth it. Serving Alabama since 2007. The Reverse Mortgage Guy

Benefits of a reverse mortgage. Is a reverse mortgage worth it? Moneywatch. CBS News Reverse mortgages provide some unique benefits compared to other home equity options. If you’re a senior looking to reduce expenses or have extra income, you may have come across a product known as a reverse mortgage. Reverse mortgages are a funding source […]

**The owner(s) retain title to the property that is the subject of the reverse mortgage until the person sells or transfers the property and is therefore responsible for paying property taxes, insurance, maintenance and related taxes. Failing to pay these amounts or failure to maintain the condition of your property may cause the reverse mortgage to become due immediately. A reverse mortgage is a complex loan secured by your home. Whether such mortgage makes sense for you depends on your financial situation and needs. For these reasons, you are required to consult with a qualified independent housing counselor and include family members and other trusted advisers before making this decision. This information is not from HUD or FHA and was not approved by HUD or any government agency.

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Benefits of a reverse mortgage

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