Considering a reverse mortgage? Here’s what you need to know

Author: External Author | | Categories: Debt Consolidation , First Time Buyer Mortgage , Investment Property , Mortgage Broker , Mortgage Pre-Approval , Mortgage Rates , Mortgage Refinancing , Mortgage Services

While a conventional mortgage advances you funds in order to buy a house, a reverse mortgage is just the opposite: It advances you funds from the house you already own. In this era of declining pensions, increased longevity and costly long-term care, are reverse mortgages a godsend?

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Original Article Source Credits:  Money Sense  ,

Article Written By: Alexandra Macqueen

Original Article Posted on : Nov 4, 2019

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