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How much money can you get from a reverse mortgage?

Por: CBS News Business October 13, 2022

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Age, home value and loan type are just a few of the factors that will influence how much you can get with a reverse mortgage. Getty Images/iStockphoto allow seniors to tap their home equity and turn it into cash. They can offer lump-sum payments, a line of credit (like a credit card) or even monthly payments — whichever suits your lifestyle and best. Exactly how much a reverse mortgage can offer you depends on a number of factors, as well as... + full article



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