Reverse mortgages are a loan option #realestate #realestatetips #creativefinancing #short

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Reverse mortgages are a loan option 👍 for homeowners 62 and older.

They allow you to convert your home equity into 💸 cash without 🚫 monthly mortgage payments. The loan is repaid when you die, move out permanently, or sell the home 🏠.

Reverse mortgages can be a good 👍 option for seniors who need extra income 💸, want to stay in their homes 🏠, and don't have any heirs 🧒.

However, it's 👉 important to understand the risks and limitations of reverse mortgages before taking out a loan.

If you're considering a reverse mortgage, 👌 talk to a HUD-approved counselor to learn more about the pros and cons of this type of loan.

💯 DM me the word "reverse" to learn more.

Fernando🙏

#investing #finance #investment #realestateagent #broker #realestatetips #creativefinancing #creativefinance #rich #richmindset #millionairemindset #mortgage

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Bank: Pay up, mortgage time.
People over the age of 62: Uno Reverse card.

SpaceCapybara