6 questions to ask before getting a reverse mortgage loan


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Reverse mortgage loans are complex and have many requirements. When you apply for a reverse mortgage loan — and even before you apply — there are a lot of questions to ask.

Here is a guide to some of the most important questions besides the ones you’ll ask about interest rates and fees. The answers will help you understand who you’re working with, how the reverse mortgage loan process works, how long it takes to get the proceeds of the reverse mortgage loan and who should be involved in the information-seeking and decision-making.