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Reverse Mortgage: Unlocking Financial Stability in Retirement For those aged 62 or older, reverse mortgages serve as a practical way to meet retirement expenses without selling their home. What is a Reverse Mortgage? Unlike traditional mortgages, homeowners are not required to make regular payments. The Mechanics of Reverse Mortgage Reverse mortgages follow a distinct structure tailored for seniors. Requirements: The borrower needs to meet age and equity criteria. Equity Assessment: Loan limits are based on
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