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Reverse Mortgage information reverse mortgages are relatively new and misunderstood by a lot of people. A person can start looking at a reverse mortgage when they are 61 years and 6 months old. However, the reverse mortgage loan can’t close until the person is 62 years old or older.

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alternated: information on reverse mortgage Resources Reverse mortgages are increasing in popularity with seniors who have equity in their homes and want to supplement their income. The only reverse mortgage insured by the U.S. Federal Government is called a home equity conversion mortgage (hecm), and is only available through an FHA-approved.

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