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Dear Monty: 10 pros and cons of a reverse mortgage – Reader Question: Reverse mortgages, good or bad. What to look for and avoid. I’m 81; it’s our primary residence, no mortgage – free and clear. We have a $1,000,000 second home that will go to our kids.
Pros and Cons of a Reverse Mortgage — The Motley Fool – Cons of a reverse mortgage A reverse mortgage could have a potential impact on the borrower qualifying for means-tested government programs like Medicaid or Supplemental Security Income.
Is a reverse mortgage right for you? It’s important to understand all of the factors involved with taking out one of these loans. Like anything else, there are pros and cons.
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A reverse mortgage is a type of mortgage loan that’s secured against a residential property, that can give retirees added income, by giving them access to the unencumbered value of their.
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Reverse Mortgage Pros and Cons — The Motley Fool – Reverse mortgage cons It might seem like a no-brainer decision at this point, but hang on to your brain. There are some drawbacks to a reverse mortgage to consider: You may not qualify for one.
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