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Avoiding Costly Mistakes
Include your Family in the Decision Process:
Don’t leave your family out of the process of getting a reverse mortgage, especially grown children. Try to get a consensus among your heirs prior to proceeding with the Reverse Mortgage, or at least include them during the education process. A reputable lender will welcome speaking with any of your family. Be aware that the loan and the process is confidential and that the lender can only speak with family members if you give permission.
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