Yes, a reverse mortgage can be used to help pay for long-term care. An FHA HECM reverse mortgage allows homeowners aged 62 or older (aged 55 and older for our proprietary reverse mortgage) to convert a portion of their home’s equity into cash, which can be used for any purpose, ...
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A reverse mortgage can provide some benefits during a bear market, particularly for retirees or those with limited income sources. Here are a few ways a reverse mortgage might be helpful during a bear market: Supplement income: In a bear market, investment portfolios may suffer losses, leading to reduced income ...
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