July 5, 2025

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Mortgage

I’m 69 with a $250K reverse mortgage hanging over my head — should I use up most of my nest egg to pay it off?

Imagine this scenario: Samantha is retired at 69, but a few years back she took out a reverse mortgage. Now, she’d like to be done with it, especially since the loan comes with a hefty interest rate of 6.75%. She currently has about $375,000 in home equity while her reverse mortgage loan is close to

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