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MYTHS
MYTH ABOUT HECM REVERSE MORTGAGES

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MYTH : “I fear losing my home. If I receive a Reverse Mortgage, the bank will then own my home.
TRUTH: After completing a Reverse Mortgage, the homeowner will remain on the title and deed of the home, and never lose ownership of their property.

MYTH: I am going through foreclosure proceeding so I will never qualify for a HECM Reverse Mortgage.
TRUTH: A Reverse Mortgage can help qualified homeowners going through foreclosure proceedings keep their home.
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MYTH: If I complete a Reverse Mortgage the property will become a debt or be harmful to my estate.
TRUTH: The mortgage obligation will be tied to the equity of the property, not to your personal assets.

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