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Unfortunately there are a lot of misconceptions regarding reverse mortgages. It actually is a great product that can help many. I have found that people above age 62 have spent a lifetime paying in to their investment / their home and just are not able to make it month to month on there SS and / or fixed income. To date, reverse mortgages have helped many, either rid there current mortgage and there monthly payment affording them a more comfortable living, or supplement there income by opting to take monthly installments made available by their reverse mortgage. Others have opted to … (1 comments)
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