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What Is The Reverse Mortgage Occupancy Requirement For Retirees? Are you curious about how occupancy rules impact reverse mortgage benefits for retirees? In this informative video, we'll explain everything you need to know about the occupancy requirements for reverse mortgage borrowers. We'll start by discussing what qualifies as your primary residence and why maintaining this status is essential. We'll cover the rules about temporary absences, including how long you can stay away from your home without affecting your loan. You'll learn about special exceptions, such as when a co-borrower remains in the home full-time, even if you're temporarily away. We’ll also explain what happens if you move out permanently, sell the home, or pass away, including the timeline for settling the loan. Additionally, we’ll share how lenders monitor occupancy through annual certifications and inspections to ensure the home remains your main residence. Understanding these rules is vital for retirees who want to access their home equity while staying in the house they love. We'll provide tips on planning for healthcare stays and potential moves to avoid losing your benefits. Join us for this essential overview, and subscribe to our channel for more helpful insights about reverse mortgages and retirement planning.

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About Us: At Get Retirement Help, we are dedicated to guiding you through the journey of preparing for a fulfilling retirement. Our channel covers essential topics such as retirement planning, investment strategies, Social Security benefits, and ways to maintain a healthy lifestyle as you transition into this exciting new chapter.