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Before you succumb to the temptation to tap into your home equity with a reverse mortgage, consider some of the alternatives available to seniors. No matter how thoroughly you plan for retirement, life can cause expenses to spiral out of control. Whether an illness sends costs through the roof, or a stock market decline sends your portfolio into the basement, you may need to generate more cash than you anticipated. For older homeowners with substantial home equity, a reverse mortgage offers quick access to funds.
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