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Enter reverse mortgages, a financial product designed for homeowners ages 62 and older. Reverse mortgage flip the traditional lending model on its head: Instead of you repaying the lender ...
A reverse mortgage allows older homeowners to borrow against their home's equity. But, unlike the monthly payments required by a home equity loan or HELOC, the debt from a reverse mortgage is ...
“I don’t feel like the product was bad. They were just missold.” When he thinks a reverse mortgage might be a good fit for a client, he often introduces the idea over the course of a few meeting ...