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Eligible for a reversible mortgage

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Is it true or false to be eligible for a reversible mortgage, a homeowner must be 67 years of age or older, have a very low outstanding balance or own the home free and clear, occupy the property as the principal resident, but could be delinquent on any federal debt?

Reference no: EM131674482

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Eligible for a reversible mortgage : Is it true or false to be eligible for a reversible mortgage, a homeowner must be 67 years of age or older, have a very low outstanding balance
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