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How is a reverse mortgage different from a home equity loan?

April 26, 2017different home equity loan reverse mortgage

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How is a reverse mortgage different from a home equity loan?

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Both loans convert the equity in your home into available cash, but in very different ways. With a Home Equity loan, you must have sufficient income to qualify and you must make monthly payments. With a Reverse Mortgage from BCI Financial, there are NO income requirements, NO monthly payments, and the reverse mortgage PAYS YOU! Contact a Reverse Mortgage Specialist today to discuss the benefits of a Reverse Mortgage.