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Florian Steciuch

I have a mortgage now - can I qualify for a reverse mortgage?

Friday, March 15, 2013 - Article by: Florian Steciuch - Top Flite Financial - Message

Even if you have a current mortgage or HELOC, you can qualify for a reverse mortgage. The existing liens have to be paid off from the reverse mortgage proceeds first. It is fairly common that folks take out a reverse mortgage to extinguish a current mortgage, to eliminate the monthly payment. This improved cash flow improves the quality of life for them.

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