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FHA Commercial Loans
If you’re 62 or older – and want money to pay off your mortgage,
supplement your income, or pay for healthcare expenses – you
may consider a reverse mortgage. It allows you to convert part
of the equity in your home into cash without having to sell your
home or pay additional monthly bills.
A reverse mortgage can be complicated and might not be right for you. A reverse mortgage can
use up the equity in your home, which means fewer assets for you and your heirs. If you do decide
to look for one, review the different types of reverse mortgages, and comparison shop before
you decide on a particular company.
Read on to learn more about how reverse mortgages work, qualifying for a reverse mortgage, getting
the best deal for you, and how to report any fraud you might see.
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