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Learn how reverse mortgages are designed to safeguard borrowers while unlocking the cash you need in retirement.
Reverse mortgages allow seniors to convert home equity into cash without selling their homes. However, borrowers often worry about the risks involved. Thanks to a host of protections designed to prioritize transparency and fairness, reverse mortgages can be a safer financial solution for those aged 62 and older. Here are seven important safeguards that protect borrowers.