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Enables homeowners age 62 and older to convert their home equity into income without having to sell the home or give up title.
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No required monthly mortgage payments to make while still in the home.
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Loan proceeds are tax-free and may be tax-deductible upon loan repayment.
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Reverse mortgages are commonly used to payoff existing mortgages, to eliminate the monthly payment obligation .
For more information on Reverse Mortgages call 800-830-8448 Ext. 211
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