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What's a Reverse Mortgage?

Contributed by Susie at Financial IQ by Susie Q

Are you or your parents or grandparents looking for ways to stay in your home and use your home equity to fund expenses? A reverse mortgage is certainly one option and it can be a valuable financial management tool for seniors and their families.

However, if misunderstood or misused, borrowers and their heirs can encounter any one of a number of different challenges.

Get the scoop on reverse mortgages so you can make be informed before deciding whether one will work for you!

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