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How Reverse Mortgages Actually Work? | Craig Gallegos
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Whether you're considering a reverse mortgage for yourself or helping aging parents explore their financial options, this conversation provides clear, honest information about this often misunderstood financial tool that could help seniors access the "pot of gold" sitting in their home equity.
What you'll learn:
- The truth about home ownership with a reverse mortgage
- How reverse mortgages actually work as "mortgages with optional payments"
- Why you won't lose your home with a properly structured reverse mortgage
- How heirs and spouses are protected under current regulations
- The growing line of credit benefit that many don't know about
- Using reverse mortgages for home purchases, not just refinancing
- Why reverse mortgages close faster than most people think (as quick as 17 days)
- How to use home equity to improve retirement quality of life
- The built-in protections and counseling requirements for borrowers
13 episodes
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