Types of Reverse Mortgage loan plans

 

Most Reverse Mortgages require that all borrowers be at least 62 years of age, but recently some plans have become available with a minimum age of 60.

 

There are plans available that use only a portion of the value of the home, so that no matter what happens to real estate values and interest rates, and no matter how long the borrowers remain in the home, available equity is guaranteed for the heirs.

 

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