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Posts Tagged ‘access home equity’

The first advantage of a reverse mortgage is that it allows you to borrow from your home equity without having to pay it back for as long as you live there. But it’s a costly way to access your home equity. Here, I consider why it’s costly, who might best use a reverse mortgage and other options to access home equity.

The Home Equity Conversion Mortgage (HECM) is FHA’s reverse mortgage program. To qualify you must be at l Read the rest of this entry »