A reverse mortgage is one of the most overlooked mortgage solutions by those who would benefit the most from it. Reverse mortgages are designed to help homeowners of 55 years or older, tap into their existing equity to obtain tax-free cash while making no payments on the borrowed amount. In other words, you get the money you desire without having to worry about making out-of-pocket payments to repay the mortgage. That’s right, you pay NOTHING in your lifetime out of pocket…EVER.
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