A reverse mortgage is a loan for homeowners aged 62 and older. Reverse mortgages let senior homeowners turn part of their home equity into cash, which in turn gives them additional retirement income. The appeal of a reverse mortgage Las Vegas is that it requires no monthly payments, and the income generated from equity is generally not taxed. Reverse mortgages are often used to pay for life expenses like home renovations and medical care. They can also be used to pay off existing mortgages.

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