Who are reverse mortgages designed for?

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Reverse mortgages are designed for people advanced in age and holding some kind of property. Such people can reverse mortgage their properties to a bank and get the property's value and still continue using that property for a period mutually ascertained.

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Declining home values effect on a reverse mortgage.

If you already have a Reverse Mortgage, there is no effect from declining values. If you don't have one yet, you'll receive less cash benefit if the value declines.

How to become a Reverse Mortgage Agent

Hi, Call me to discuss. Brian, Metlife - 754-234-9559

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 ...