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Reverse mortgage
What is a reverse mortgage?

Reverse mortgage is a FHA refinance mortgage available to folks who are a least 62 years old or older that is based on equity of their home and not based on income and credit of the borrower. A reverse mortgage borrower does not need to provide proof of income and can have bad credit. A reverse mortgage loan borrower can take a one lump payment cash out refinance based on his or her age. Here is an article on reverse mortgages:



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