A reverse mortgage is only of value to those elderly who wish to remain in their home as long as possible.

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A reverse mortgage is a loan that allows homeowners who are 62 years of age or older to access some of the equity they have built up in their home over time. However, the loan must be repaid by the borrower or their heirs when they sell the home or when the borrower passes away. Therefore, a reverse mortgage is only of value to those who wish to remain in their home as long as possible, as it allows them to access their equity without having to sell their home.

A Reverse Mortgage Is Only of Value to Those Elderly