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| Who is
eligible? |
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| If you are age 62 or older
and own your home or condominium, you are eligible
for a reverse mortgage. It does not matter how
much income you make or what your credit history
is. Even if you have a current mortgage,
you can still obtain a reverse mortgage. However, you
would have to use the proceeds from your reverse mortgage
to pay off your existing mortgage. |
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Mortgage Calculator |
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