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Prepare for Retirement Emergencies with a HECM Reverse Mortgage

In a recent article on this topic in US News and World Report, Emily Brandon discussed three common emergencies that the elderly often encounter and how to prepare for them. For homeowners, however, she left out the best possible resource for meeting two of the three types of common emergencies: a HECM reverse mortgage. This article will describe how a HECM can deal with major home or car repair expenses, and with the depletion of retirement savings by living too long.
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