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Reverse Mortgages: Big Changes Ahead – If you decide to apply for a reverse mortgage, you and the counselor can then discuss. The NCOA’s Homeequityadvisor.org site can help you weigh various options. Its online Benefits Checkup tool.
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How to tell if a reverse mortgage is right for you – The FHA’s requirements to apply for a reverse mortgage include that you must be at least 62, that your home is your primary property and you live in it full time, and that you have no delinquent.
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How Much Equity Do You Need for a Reverse Mortgage? – How Much Equity Do You Need for a Reverse Mortgage?. If you’ve paid your home off – or if you nearly have – there may be several good reasons why you don’t want to leave all that equity tied.