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Reverse Mortgages

Reverse mortgages are loans for older homeowners that allow them to convert home equity into cash.

If you are 62 or older, a reverse mortgage lets you hold the title and keep living in your home, while collecting payments generated from a loan secured by the home’s equity. Opt for a lump sum payment, or take monthly cash advances during the life of the loan. Because the money is paid as a loan, it’s not considered taxable income and won’t affect Social Security or Medicare benefits.

For more information on reverse mortgages click the link below.

 www.reversemortgagemarketplace.com

Karen Solgard, Mortgage Consultant NMLS #392602
Marketplace Home Mortgage, LLC
1222 SE 47th Street Ste 212, Cape Coral, FL  33904
Direct:  (239) 677-3247
Cell:  (239) 214-0560
Fax:  (239) 790-5692
ksolgard@marketplacehome.com
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