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  2. Pros and Cons of a Reverse Mortgage - AOL

    www.aol.com/pros-cons-reverse-mortgage-210003920...

    There's a lot of misinformation about reverse mortgages -- and Tom Selleck can only answer so many questions in 30-second TV spots for AAG. Reverse mortgages can be a lifeline to seniors who are...

  3. What is a reverse mortgage? How it works, who it’s best for ...

    www.aol.com/finance/what-is-a-reverse-mortgage...

    How to qualify for a reverse mortgage. To qualify for a reverse mortgage, you must meet the following requirements: Age 62 or older. Outright ownership of your home or a low-balance mortgage

  4. Seniors, Beware of These Scams - AOL

    www.aol.com/seniors-beware-scams-090000036.html

    Risks: Victims can lose their homes, or be subject to excessive fees. Helpful resources: The Consumer Financial Protection Bureau has issued a consumer advisory about the dangers of reverse mortgages.

  5. Reverse Mortgage, Home Equity Loan or Refinance? The ... - AOL

    www.aol.com/finance/reverse-mortgage-home-equity...

    Home equity is a valuable financial resource. By definition, it’s the difference between your home’s value and how much you owe on your mortgage. For example, if your home is worth $500,000 ...

  6. Reverse mortgage - Wikipedia

    en.wikipedia.org/wiki/Reverse_mortgage

    A reverse mortgage is a mortgage loan, usually secured by a residential property, that enables the borrower to access the unencumbered value of the property. The loans are typically promoted to older homeowners and typically do not require monthly mortgage payments.

  7. Reverse mortgage pros and cons: What every senior ... - AOL

    www.aol.com/finance/reverse-mortgage-pros-cons...

    Key takeaways If you’re a homeowner aged 62 or older, a reverse mortgage can help you obtain tax-free income, allowing you to stay in your home, pay bills, supplement your income and more.

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