Reverse mortgage: What it is and why it's a bad idea. – A reverse mortgage is kind of the opposite of that. You already own the house, the bank gives you the money up front, interest accrues every month, and the loan isn’t paid back until you pass away.
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Get Help – Reverse mortgage – A: You may qualify for a reverse mortgage even if you still owe money on an existing mortgage. However, the reverse mortgage must be in a first lien position,
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