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Understanding Reverse Mortgages

By Hilary Gibson, Staff Writer

(Page 6 of 6)  
  • as a regular, monthly loan advance

  • as a line of credit that allows you to decide how much money you will need and when and how you will access it, or a combination of all three.

There’s a lot more information that you will need to receive in order to make a wise decision, so please do your homework thoroughly. During the consideration and selection process, remember to think about what type of reverse mortgage best suits your needs, circumstances, affordability, and what is actually available to you in your area.


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