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  • About Reverse Mortgages
    • Intro to Reverse Mortgage
    • Frequently Asked Questions
    • Reverse Mortgage Process
    • History of Reverse Mortgage
    • Government Guarantee
    • Reverse Mortgage Specifications
  • Reverse Mortgage Myths
    • The bank will take ownership of your home.
    • Your children will be held responsible for paying the loan back.
    • You need good income and credit to qualify for a reverse mortgage.
    • To qualify, you must own your home free and clear.
    • You won’t have any equity left in your home to leave for your heirs.
    • Once you get a reverse mortgage, you cannot sell your home.
    • You will see a reduction in your Social Security income.
    • Reverse mortgages are only for seniors that are poor.
    • Closing costs are way too expensive.
    • The loan is due and payable when the first borrower dies.
  • Top 10 Questions
    • What is a reverse mortgage and do I qualify?
    • Is my home eligible for a reverse mortgage?
    • Why should I choose a reverse mortgage instead of a home equity loan?
    • How much cash can I expect to get from a reverse mortgage?
    • What happens if I outlive the loan? Will I have to repay the lender?
    • Must my house be paid off for me to qualify for a reverse mortgage?
    • Do I have to pay taxes on the cash payments I receive?
    • How will this loan affect my estate and how much will be left to my heirs?
    • Should I use an estate planning service to find a reverse mortgage?
    • How do I receive my reverse mortgage payments?
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Top 10 Questions

It can be scary: making a major decision concerning your biggest investment, a decision involving a place that means the most to you. Deciding whether or not a reverse mortgage is right for you takes considerable thought and consideration. We hope the following answers and questions help you in this endeavor.

Others In: Top 10 Questions

  • What is a reverse mortgage and do I qualify?
  • Is my home eligible for a reverse mortgage?
  • Why should I choose a reverse mortgage instead of a home equity loan?
  • How much cash can I expect to get from a reverse mortgage?
  • What happens if I outlive the loan? Will I have to repay the lender?
  • Must my house be paid off for me to qualify for a reverse mortgage?
  • Do I have to pay taxes on the cash payments I receive?
  • How will this loan affect my estate and how much will be left to my heirs?
  • Should I use an estate planning service to find a reverse mortgage?
  • How do I receive my reverse mortgage payments?
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