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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.
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
Reverse mortgages can be a lifeline to seniors who are struggling financially, but they’re not for everyone and they do come with risks and expenses. Here’s what you need to know.
A reverse mortgage is a mortgage loan, ... and "risk of fraud and other scams". [1] ... especially senior citizens, ...
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Reverse Mortgages Pose Big Risks for Seniors, Warn Attorneys and U.S. Officials More on AOL Real Estate: Find out how to calculate mortgage payments. Find homes for sale in your area.
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