How to Get Started with a Reverse Mortgage
If you think a reverse mortgage might be right for you, here’s what to do next:
1. Talk to a Counselor: Before getting a reverse mortgage, it's a good idea to speak with a housing counselor approved by the government. They can help you understand the pros and cons.
2. Choose a Lender: Look for a lender that offers reverse mortgages in taxes and find out about their terms and conditions.
3. Apply for the Loan: Once you find a lender you like, you can apply for the loan and go through the approval process.
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