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Features of a Reverse Mortgage
- Convert your home equity into cash without having to sell or incur a monthly payment
- Credit and Income are not used to qualify
- You retain ownership of your home and property transfers to heirs or estate just as you would without a reverse mortgage
- Repayment is not required until all persons on the title no longer live in the home as their primary residence
- Amount owed on the property can never exceed the value of your home
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