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The Reverse Mortgage Itself is NOT a Scam. – The reverse mortgage is not buying your home, but rather is intended to give you some income if your plan and desire is to stay there for the rest of your life. If you are talking about the most amount of money in your hands because you can’t decide if you want to stay or go, the reverse mortgage is not the right choice.
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Reverse mortgage: What are the tax liabilities | Housing News – Reverse mortgage: What are the tax liabilities. Here’s an analysis of the options Under the Reverse Mortgage Scheme (RMS), a senior citizen can opt to receive an additional source of income on the security of an owned residential house, without having to service it during his lifetime. Under RMS, a senior citizen has two options.
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