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A reverse mortgage is a unique financial tool that can play a significant role in helping retirees maximize their retirement income.
A reverse mortgage allows seniors to convert a portion of their home equity into cash, which can be received in various ways, such as a lump sum, monthly payments, or a line of credit. What makes a reverse mortgage distinct from a traditional home equity loan is that it doesn’t require monthly repayments. Instead, the loan is repaid when the last surviving borrower sells the home, moves out, or passes away.
At Worthington Mortgage, we specialize in reverse mortgages. We have helped thousands of seniors in this emotional process, which has, in turn, made us one of the top 10 reverse mortgage lenders in the nation. If you would like to learn more about reverse mortgages, download our FREE 12 Myths and Facts of the Reverse Mortgage here: https://worthingtonmortgage.com/reverse-book/
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Read More: https://worthingtonmortgage.com/reverse-book/
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