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What Happens to Home Equity with a Reverse Mortgage?

Being able to access cash without having to sell your home or make repayments can be life changing for many retirees. If you’re considering a reverse mortgage, though, it is important to understand how interest is charged on the loan and how it will impact your home equity over time.

The Pros and Cons of a Reverse Mortgage?

With inflation at its highest level in three decades and interest rates still relatively low by historic standards, more and more homeowners over 60 are weighing up whether a reverse mortgage could help them live a better retirement.