Turn the value of your home into cash with a reverse mortgage. If you are over 62 years old, own your home, and have equity in your home, you may be able to secure your future by withdrawing a portion of that equity and then spending it any way you choose; you do not have to pay anything until you sell or permanently move out of your home. To receive payment in short order, you can choose from three options: - All at once, in a single lump sum of cash
- As a regular monthly cash advance
- As a line of credit account that lets you decide when and how much of your available cash is paid to you
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