Unlock the Value of Your Home with a Reverse Mortgage
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Frequently Asked Questions
1. Can I refinance my current reverse?
Yes, you can refinance your current Reverse. Access additional equity by refinancing your Existing Reverse.
2. What is a Reverse Mortgage?
A reverse mortgage allows homeowners aged 62 or older to convert part of their home equity into tax-free cash without selling their home or making monthly mortgage payments.
3. How can I use the funds?
You can use the money for any purpose covering daily expenses, paying off debt, medical expenses, home renovations, or even taking a dream vacation.
4. What happens to my home?
You retain ownership and can live in your home as long as you meet the loan terms without paying a monthly payment. The loan is typically repaid when you sell the home or move out permanently, or pass away.
5. Will my heirs be responible for the loan?
Your heirs will not owe more than the home’s value at the time of repayment. Any remaining equity goes to them.
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