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  • Business & Features

    5 Things You Should Know About Reverse Mortgages

    Reverse mortgages are often touted as an excellent option for older homeowners who need access to extra funds. However, like anything else in life, there are both benefits and drawbacks associated with taking a reverse mortgage out. In order to make a choice that is financially sound and viable for you, you will need to do careful research before making your decision. Here are five things that you should know about reverse mortgages to get you started. Are You Eligible? The first thing you should do is figure out whether or not you’re eligible for a reverse mortgage. According to the U.S. Department of Housing and Urban Development, reverse mortgages are…