FAQ

Frequently asked questions about Reverse Mortgages

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Can I use a reverse mortgage to buy a new home?

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Can I use a reverse mortgage to buy an investment property?

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Can I get a reverse mortgage on my cottage?

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What kinds of properties are eligible for a reverse mortgage?

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Can I Use a Reverse Mortgage to Pay for Long-Term Care?

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How do I know if a reverse mortgage is right for me?

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Can I get a reverse mortgage if my spouse is younger than 55?

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Can I use the money from a reverse mortgage to renovate my home?

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What happens if I want to move out of my home temporarily?

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How long does it take to repay a reverse mortgage?

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Can I change my mind after getting a reverse mortgage?

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How do I find a reputable lender for a reverse mortgage?

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How long does it take to get a reverse mortgage?

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What happens if I default on my reverse mortgage?

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Can I refinance my reverse mortgage?

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What happens if I outlive the term of my reverse mortgage?

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Can I leave my home to my heirs if I have a reverse mortgage?

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What happens to my estate when I have a reverse mortgage?

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How does a reverse mortgage affect my government benefits?

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How does a reverse mortgage affect my taxes?

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Can I use the money from a reverse mortgage to fund my retirement?

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Can I use the money from a reverse mortgage to pay off debt?

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What happens if the value of my home decreases?

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Can I sell my home if I have a reverse mortgage?

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What happens to my home when I get a reverse mortgage?

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Will I need to make monthly payments on a reverse mortgage?

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Are there any fees associated with a reverse mortgage?

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What is the interest rate on a reverse mortgage?

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Can I get a reverse mortgage if I have poor credit?

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Can I get a reverse mortgage if I still have a mortgage on my home?

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What is a reverse mortgage?

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How much money can I borrow with a reverse mortgage?

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What are the eligibility requirements for a reverse mortgage?

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How does a reverse mortgage work?

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How do I receive the money from a reverse mortgage?

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