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A reverse mortgage is really quite simple. Basically you can release the equity in your home as money for you, it can be yours without having to make any mortgage payments or without selling your house. Unlike a forward mortgage where you make payments and are given a sum of money to buy or refinance your loan, a reverse mortgage can help you pay off your mortgage (somewhat like a refinance) or you can take out the equity from the property in the form of a loan. The bonus is that no payments are due, however the interest accrues to the back end of the loan and as your home increases in value this offsets your costs.CALL NOW FOR MORE INFO
A reverse mortgage is a mortgage program specifically created for anyone who is 62 or older who owns their home (those with mortgages also qualify), would like to eliminate any mortgage payments, and keep living in their home during retirement while also benefiting from the equity from their homes.Get Started Now
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