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Reverse Mortgage: What Your Family Should Know

A reverse mortgage (sometimes known as a reversed mortgage or reverse loan) is a mortgage for seniors 62 and over with equity in their home.

We encourage you to discuss your reverse mortgage decision with your family. Family members who are not informed about reverse mortgage benefits may have many questions. We’ll be happy to speak with your children or other family members to explain how a reverse mortgage works and answer any questions they may have at any time during the application process.

You may also want to provide them with copies of some of our reverse mortgage brochures:

 

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