Who Qualifies for a Reverse Mortgage?
Video Credit: Rumble - Duration: 01:27s - Published
Who Qualifies for a Reverse Mortgage?
A reverse mortgage is a special loan designed for folks typically aged 62 or older (55+ in California) who own their homes outright or have at least half of their home paid off.
It's a way for them to get some extra money without having to sell their home or be required to make monthly mortgage payments.
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