"More and more homeowners are considering tapping their home equity as
they approach retirement age. Getting a reverse mortgage is one way that
some older homeowners can do that. Reverse mortgages are a special type
of home equity loan sold to homeowners aged 62 years and older, which
are repaid when the borrowers sell the home, move out, or die. It’s a
complicated type of loan that works best for homeowners who carefully
consider all of their options..."
Reverse mortgages
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