What is a reverse mortgage..

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Reverse mortgage tax question

The benefit of reverse mortgages is that they allow seniors to get extra tax free income. So, no, you will not have to pay taxes on the money you get from the reverse mortgage. http://www.articleinsider.com/mortgage/massachusetts-mortgages/reverse-mortgages

Do you have to own the house to get reverse mortgage?

>>Do you have to own the house to get reverse mortgage? The home must be the homeowners primary residence in order to get a Reverse Mortgage. >>who thinks that you can take out reverse mortgage with only 20 percent equity It's possible to do that, but the homeowner will need to contribute some ...

Refinance or Reverse Mortgage

You might have a problem qualifying to mortgage refinance based on your income. Beyond having good credit, the lender needs to see an income stream large enough to cover the payments on the loan. A reverse mortgage gets past that issue because there are no ...

House Listed for Sale? Eligble to still do a Reverse Mortgage?

No - the house will have to come off the market.