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A reverse mortgage is a loan for seniors only (age 62 although a borrowing spouse may be younger). It is a unique way for seniors to convert some of their home equity into tax-free cash without the responsibility ... 

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Adult Children

A reverse mortgage can come as a big relief for adult children who may not have the resources to help their parents out financially. By the same token, a reverse mortgage allows older adults to remain self-supporting and independent.

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According to AAG's April 6, 2021, article, "Aging in the Right Place", about 90% of people, age 65 and over, would prefer to stay in their own homes as they age — and not go into a nursing home or assisted living facility.

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Trusted Advisors

Increasingly, financial advisors are including home wealth and a reverse mortgage — the financial tool enabling older Americans to tap into that home equity — as part of an overall plan for many of their clients.

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A reverse mortgage is a way for a variety of professionals — real estate agents, builders, accountants, financial advisors, tax specialists, and wholesale institutions — to offer an even larger complement of services ...

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