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A reverse mortgage also called a Home equity conversion mortgage (HECM), is a type of home equity loan for homeowners who are 62 or older. This type of loan allows homeowners to convert their house equity into cash without giving up ownership.
How do reverse mortgages work? This is a question that many people are asking . Read here to get the answers and information you've been looking for.
If your children are heirs and can pay off your reverse mortgage loan, they may be able to keep your home after you die.
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