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Reverse mortgages can be a boon for cash-strapped seniors – Cash-strapped seniors are now weighing the pros and cons of a reverse mortgage 7:45 AM ET Fri, 21 April 2017 | 01:07 You don’t have to be old, poor and stupid to get a reverse mortgage.

At All Reverse Mortgage, the only loan program we work with is the reverse mortgage. So when you work with an expert at All Reverse, you’re working with someone who only works with reverse mortgages, it’s not just one of more than a dozen loan programs that person works with and tries to represent.

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How One Bright Lady Saw The Light – she asked. “At least one borrower needs to be 62.” “I’ve worked with senior groups for many years and most of what I’ve heard about Reverse Mortgages, to be blunt, is negative. Why is that?” she asked.

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The pros and cons of reverse mortgages | CTV News – The pros and cons of reverse mortgages. If you’re over 55 years old you may qualify for a reverse mortgage if you have enough equity in your home. You could get a lump sum payment or monthly income stream, up to 50 per cent of your home’s value. The money is tax-free, income is not a qualifying factor, and you don’t pay a dime on the loan until the house is sold.

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