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Reverse mortgages are mostly misunderstood — they can offer seniors a lifeline as markets sink

Por: MarketWatch Business October 01, 2022

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That’s when a home equity conversion mortgage comes into play. Most people think of , as they’re commonly called, as the last-gasp attempt to stay in your house when you’ve run out of money in retirement. But even before they get into financial trouble, some seniors are using these loans as a financial-planning tool, so they can leverage the equity in their homes on their own terms.  If you’re over 62 and have equity in your home, you... + full article



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