Q: We took out a reverse mortgage in 2011 and thought I understood how it worked. However, having reviewed the documents, I cannot find where it discusses the non-recourse clause I heard about.

A reverse mortgage and a cash-out refinance allow you to access your home equity but they come with different benefits. ... real estate, banking, credit education and other personal finance topics.

“I think the opportunity, and what we started in 2023 and definitely continued in 2024 especially, is this distribution issue,” said Jim Cory, managing director of reverse mortgages at Guild ...

A reverse mortgage is a home loan available to homeowners 62 and older that relies on your home equity. You or your heirs will repay the reverse mortgage with a future home sale.

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