Q:

What is a reverse mortgage and who is eligible

Answer

A reverse mortgage enables older homeowners (62+) to convert equity in their homes into tax-free income selling the home.

Categorized In: Real Estate

Source: Reverse Mortgage Q&A | www.reversemortgage.org

Description: A reverse mortgage enables older homeowners (62+) to convert part of the equity in their homes into tax-free income without having to sell the home, give up title, or take on a new monthly mortgage payment.

Aug 20 2009, 01:35am

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