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Tips for Consumers Considering a Reverse Mortgage - for Older Consumers

Authored By: National Consumer Law Center


If you are a senior and a home owner and short of cash to make ends meet, a reverse mortgage could in some situations be a lifesaver. That’s because a reverse mortgage can be used to tap your home equity – that’s the market value of your house minus the outstanding balance on any existing mortgages – for cash. 


Last Review and Update: Jan 21, 2021