Скачать или смотреть Fast Facts About Homeowners Insurance And Reverse Mortgages

Reverse mortgages are a special type of loan exclusively for homeowners 62 or older that lets them convert part of their home equity into cash. There are no restrictions on how the cash can be used and the borrower doesn’t have to repay the loan or make monthly payments on it unless the home is sold or vacated.

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Key moments:
0:55 What is reverse mortgage
2:09 Requirement
4:02 Things to keep in mind

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