In addition, there are costs during the life of the reverse mortgage.
They should decide themselves whether to take a reverse mortgage.
If these other options still are not enough, consider the reverse mortgage.
Reverse mortgages are available only to homeowners 62 or older.
You must be over the age of 62 to qualify for most reverse mortgages.
Lately I have read about reverse mortgages available to those over 62 if they live in their own house.
The interest rate on the reverse mortgage varies by program.
"I've known people who sold their house or lost it just because they had no way of knowing about reverse mortgages."
Nearly half of that could be tapped through reverse mortgages.
And you don't have to be pressed for cash to get a reverse mortgage.
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