Turn Home Equity Into Income in Retirement.

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    • Abstract:
      MONEY PROFIT FROM YOUR HOME In the second quarter of 2022, homeowners age 62 and older possessed a record $11.2 trillion in home equity, according to the National Reverse Mortgage Lenders Association. With a reverse mortgage, you can convert your home equity into a lump sum, monthly payments or a line of credit. Closing costs for a home equity line of credit are lower, typically ranging from 2% to 5% of the loan amount. [Extracted from the article]
    • Abstract:
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