What’s a reverse mortgage?

What’s a reverse mortgage?

As home owners age and live longer, their income sources may no longer be enough to cover expenses, especially for those on fixed incomes.

Many home owners in this phase of life look to the market value their homes have built since they purchased it, also known as equity, to help cover these expenses.

But how can they access their home’s equity without selling it?

One option is a reverse mortgage.

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