Tuesday, October 16, 2007

How does a Reverse Mortgage work?

A Reverse Mortgage allows you to convert some of the equity in your home into cash. The income is typically tax-free and will not affect your Social Security benefits.*

*
Consult your Social Security, Medicare or other financial advisor to determine how Reverse Mortgage payments may affect your particular situation. Also consult your tax advisor.

Find more about how reverse mortgages work.

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