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Posts Tagged 'how it works'

Reverse Mortgages – How They Work & How They Don’t in 2017

June 10, 2016 4 comments

Many people get very confused when they try to grasp how a reverse mortgage works. They look at the different interest rates, the mortgage insurance, the servicing fees, principal limits, net principal limits and before long, they just want to know the bottom line as they're so confused they don't want to try to understand anymore. This will be possibly...
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How does a Reverse Mortgage for Home Purchase Work?

December 9, 2014 2 comments

You've probably heard about a reverse mortgage as a special type of loan that retirees can use to help pay off a mortgage or increase cash flow during their later years. A reverse mortgage can be a safe financial alternative to selling the home in which you live and moving away from family and friends, if it’s staying in your...
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