Reverse mortgages allow retired homeowners to use the equity in the home until their home is sold upon the homeowners' death.

Name: Reverse mortgages allow retired homeowners to use the equity in the home until their home is sold upon the homeowners' death.
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Reverse mortgages enable retired homeowners to borrow against the equity in their home, and the loan, along with interest and fees, is repaid when the home is sold, typically upon the death of the homeowner or when they move out permanently.

Reverse Mortgages Allow Retired Homeowners to Use the Equity in the Home