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Why Retirees May Want to Take Another Look at Reverse Mortgages – Reverse mortgages don’t have a great reputation. Many financial planners have long derided the loans, which allow homeowners over the age of 62 to get cash in exchange for the equity they have in.
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5 Benefits Of Reverse Mortgage Loans – Bankrate.com – Borrowers can get the money from the reverse mortgage loan in one lump sum, as a line of credit, or get it paid out monthly. Rewind a decade and reverse mortgage loans were considered an option of last resort. But these days, with people easily living more than 20 years in retirement, it’s becoming more.