What is a reverse mortgage? A reverse mortgage is a special kind of mortgage loan for senior citizens. The borrower and co-borrower must be at least 62 years of age to qualify. Actually what is a reverse mortgage? It is a safe, simple way to turn your home equity into tax free cash.

It is dissimilar to a home equity loan and you do not have to make monthly payments. Instead of that, a reverse mortgage pays you. More significantly, you do not have to repay the loan for as long as you live in the house. It’s a great way to keep your home and obtain money from it at the same time. Read more

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