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Pros and Cons of Reverse Mortgages
#1
Reverse mortgages has its advantages and disadvantages. Reverse mortgages are only for homeowners who have equity in their homes. To qualify for a reverse mortgage refinance mortgage loan, the homeowner needs to be at least 62 years old. An appraisal is required but no income is necessary nor do credit matter. Here is an article of pros and cons of reverse mortgages:

http://gustancho.com/reverse-mortgages-pros-cons/

 
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