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Generally speaking, the older you might be, the greater equity you’ve got at home, as well as the less you borrowed from you can get on it, the more money

Generally speaking, the older you might be, the greater equity you’ve got at home, as well as the less you borrowed from you can get on it, the more money

Before you apply for the HECM, you need to talk with a therapist from an unbiased housing counseling agency that is government-approved. Some loan providers providing reverse that is proprietary additionally require counseling.

The therapist is needed to give an explanation for loan’s expenses and implications that are financial. Continue reading Generally speaking, the older you might be, the greater equity you’ve got at home, as well as the less you borrowed from you can get on it, the more money