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Want to Pull Equity Out of Your Home?

home equity

Reverse Mortgages are designed for older home owners on fixed income that are looking for a way to augment their monthly incomes by pulling equity out of their home at fixed intervals. Like anything these days if you or someone you know (like a grandparent for instance) is considering a reverse mortgage make sure they really understand the fine print. There can be all sorts of hidden charges associated with this loan product. Read this article in the LA Times. Click HERE to see the whole article in the LA Times.