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Reverse mortgages are a hot topic among retirees, as well as those thinking about retirement, for good reason. If you're at least 62 years old.
Reverse mortgages have been marketed toward elderly homeowners, as a way to use. But how exactly does it work and is it a good idea?
Given the costs of a reverse mortgage, Sullivan says it may not be a good option for seniors in poor health or someone who intends to move in.
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7 States With the Most Underwater Home Owners Cities Where Homeowners Are Deep Underwater.. 24.7 percent of underwater homeowners owe 20 percent or less, while 24.2 percent of underwater homeowners owe more than double what their home is.
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It’s among the most common questions. Over at NewRetirement, an online resource for retirement planning advice, an article that purports to compare HELOC and HECM options ends up firmly on the side.
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