December 31st, 2020

Are You Applying for a Reverse Mortgage? Here Are 3 Considerations You’ll Need to Make

Are You Applying for a Reverse Mortgage? Here Are 3 Considerations You’ll Need to Make

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If you’re a homeowner who is looking to tap in to the home equity that you’ve spent years building you may be interested in a “reverse mortgage” or “home equity conversion mortgage”. Let’s take a closer look at how reverse mortgages work, including how to qualify, what happens to your existing mortgage and what a reverse mortgage might cost.