August 2017

Utilizing a Reverse Mortgage

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A reverse mortgage is a home-secured loan on the primary residence for homeowners over the age of 62, also known as a Home Equity Conversion Mortgage (HECM). It allows borrowers to loan against some of the equity in their home for future funds or a line of credit. There are several options to choose from that differ on interest rate, how much money is available, and payment options.

Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.

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