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Upside down means you owe more than it’s worth. A reverse mortgage pays you based on the equity in your home, and takes the house when you pass on, so they aren’t compatible.
Plus, “flipping” a house is buying one cheap, and fixing it up and selling it at a profit.
Upside down means you owe more than it’s worth. A reverse mortgage pays you based on the equity in your home, and takes the house when you pass on, so they aren’t compatible.
Plus, “flipping” a house is buying one cheap, and fixing it up and selling it at a profit.