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What is a reverse mortgage?

Quick Answer

A reverse mortgage lets homeowners 62+ borrow against home equity without making monthly payments. Interest accrues; loan is repaid when the home is sold, the borrower dies, or moves out. Most are HECMs (federally insured).

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Warren Team
Updated January 9, 2026
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The information provided is for educational purposes only and should not be considered as personalized financial advice. Warren is a registered investment advisor. Past performance does not guarantee future results. Please consult with a qualified financial advisor before making investment decisions.

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