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What Is A Reverse Mortgage?
A reverse mortgage is a loan that enables homeowners 62 and older, to convert home equity into income without monthly mortgage payments.
The payment stream is “reversed” and the lender makes payments to you. Of course, the borrower is still responsible for paying property taxes and homeowner's insurance and maintaining the home.
Eligible property types are single-family homes, manufactured homes built after June 1976, qualified condominiums, and townhouses.
What May I Be Able To Use The Funds For?
Learn More About Reverse Mortgages
Jeffrey Bangerter | Reverse Mortgage Specialist/Loan Originator NMLS # 18361
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