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All of this may sound too good to be true, and it probably is to some extent. Perhaps. who initiate reverse mortgages under the current rules.
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The FHA requires that you take part in an independent counseling session to make sure that a reverse mortgage is a good fit for your needs and that you fully.
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Despite its availability, only about 2 percent of eligible homeowners have taken out a reverse mortgage. Cost is cited as the most common.
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