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How Does Reverse Mortgage Work? A Reverse Mortgage is simply a loan program that allows you to trade some of your home equity for cash- similar to a home equity loan or line of credit. An FHA Reverse Mortgage may be right for you!

Benefits of an FHA Reverse Mortgage:

  • Get cash in a lump sum
  • No mortgage payments
  • Still live in your house
  • Does not affect your social security

Common Misconceptions:

  • You give up ownership of your home
  • You lose your entitlements
  • You can take 100% of your home’s value
  • The money is taxable

Qualifying is Easy:

  • You need to be at least 62
  • You need a lot of equity in your home
  • You must live in the home


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