Reverse Mortgage Myths vs Facts

 

MYTH # 5:
There are income, credit, or health requirements

FACT:
There are NO health requirements, NO credit requirements, and NO income requirements for qualifying to obtain a Reverse Mortgage.

 

MYTH # 6:
A Reverse Mortgage requires monthly payments

FACT:
There are NEVER any monthly payments. Your are responsible only for paying taxes, insurance, and general upkeep of the home.

 

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