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Reverse Mortgages

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This category offers information for homeowners about Reverse Mortgages (RMs). This option is available to seniors aged 62+ and requires that the equity in the home exceeds the balance due on the primary mortgage.

In an RM, equity in the home is used to pay off the existing mortgage, with the balance of funds available to the homeowner. Payment is not due until after the owner permanently moves out, sells the home, or dies.
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