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Even before reverse mortgages became more expensive, the. “Your loan balance grows more slowly, which is good,” says Pfau, the author of.
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The idea of a reverse mortgage certainly sounds good: A person who is 62 or older is able to borrow against their home's equity in a legal.
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The biggest risk with a reverse mortgage is that you do not stand in the truth of your situation. While a reverse mortgage can indeed be a viable.