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2. What is a reverse mortgage? How it works, who it’s best for ...

   www.aol.com/finance/what-is-a-reverse-mortgage...

   Single-purpose reverse mortgages. Offered by nonprofits and state and local government agencies, these loans are aimed at lower-income borrowers and can only be used for one specific purpose, such ...

3. Reverse Mortgage: How Does It Work? - AOL

   www.aol.com/reverse-mortgage-does-164234216.html

   A reverse mortgage allows... For many retirees, their largest asset is their home -- but they might not be ready to sell to cash in on their equity. That's where a reverse mortgage can come into play.

4. Reverse mortgage: What it is and how it works - AOL

   www.aol.com/finance/reverse-mortgage-works...

   Single-purpose reverse mortgage – Not as common as a HECM or proprietary reverse mortgage, this is a loan from a state or local government agency or nonprofit. Generally, it’s the least ...

5. Reverse mortgage - Wikipedia

   en.wikipedia.org/wiki/Reverse_mortgage

   A reverse mortgage is a mortgage loan, usually secured by a residential property, that enables the borrower to access the unencumbered value of the property. The loans are typically promoted to older homeowners and typically do not require monthly mortgage payments.

6. Reverse mortgage requirements - AOL

   www.aol.com/finance/reverse-mortgage...

   A reverse mortgage is not free money — interest and fees will be added to your mortgage balance each month. That means the amount you owe on your mortgage will go up.

7. Reverse mortgage pros and cons: What every senior should know

   www.aol.com/finance/reverse-mortgage-pros-cons...

   Key takeaways If you’re a homeowner aged 62 or older, a reverse mortgage can help you obtain tax-free income, allowing you to stay in your home, pay bills, supplement your income and more.