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Reverse Mortgage

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What is a Reverse Mortgage?

A reverse mortgage is a loan available to homeowners, 62 years or older, that allows them to convert part of the equity in their homes into cash.
https://www.reversemortgage.org/About

Reverse mortgage - Wikipedia

A reverse mortgage is a mortgage loan, usually secured over a residential property, that enables the borrower to access the unencumbered value of the property.
https://en.wikipedia.org/wiki/Reverse_mortgage