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Reverse Mortgages. A loan that allows homeowners age 62 and over to use the equity they've accumulated in their home while retaining full ownership of the home. A Reverse Mortgage does not have to be repaid as long as you live in the home. Your equity may be accessed in a number of ways including:
The possible uses of a Reverse Mortgage are nearly endless and completely up to you! You could use your Reverse Mortgage for:
- Home repairs & renovations
- Long-term healthcare & prescription drugs
- Pay off debt
- Pay taxes
- Grandchildren's education
- Travel
- Purchase a summer home or boat
- A new car
- Almost Anything You Want!
When you are ready to take the next step, please give Rosemarie Lee, our Reverse Mortgage Advisor, a call at (860) 208-7416 or you can send her an email.
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