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A reverse mortgage is a tool to extract equity in the form of payment(s) from the borrowers primary residence.

Reverse Mortgage

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Some information about Reverse Mortgage.
A reverse mortgage allows the borrower to maintain ownership of the home and never have to make another
mortgage payment as long as they maintain residency in the home.
There is also no penalty for selling or refinancing the home.
The money that is received from the reverse mortgage can be spent any way the borrower wishes.
There is no obligation and quotes are provided free of charge.
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