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Reverse Mortgage Basics

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  • What Can I Do with the Money from a Reverse Mortgage?
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  • How do I Qualify for a Reverse Mortgage?

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How do I Qualify for a Reverse Mortgage?

A Reverse Mortgage is easy to obtain, provided that:

1. You are at Least 62 years of age or older.

2. You occupy your home as your primary residence.

3. You have substantial Equity in your home (proceeds of the Reverse Mortgage must be used to pay off existing liens or mortgages).

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