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What is a reverse mortgage
Reverse mortgage loans are a way for older homeowners to convert their home's value into tax-free cash, without having to sell or move. Insured by the U.S. government, the Department of Housing and Urban Development (HUD) allows Homeowners who are 62 or older can borrow against the equity of their homes

Key points
No monthly morgage payments
Stay in your home
Supplemental retirement income
Home equity access
No credit score requirement
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