Mortgage Loan Explained

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Posted on February 25, 2019 at 15:11 PM

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What is a Reverse Mortgage Explained - Definition & Rules
A reverse mortgage, also known as the home equity conversion mortgage (HECM) in the United States, is a financial product for homeowners 62 or older who have accumulated home equity and want to use this to supplement retirement income. Unlike a conventional forward mortgage, there are no monthly mortgage payments to make. Borrowers are still responsible for paying taxes and insurance on the ...
Second Mortgages Explained | The Truth About Mortgage
We have a first mortgage with a mortgage co, no problem. About four yrs after we got a second mortgage from a personal lender, now the mortgage is done , she wants her money , we are having trouble getting a loan , she is threading to make us sell our house,,, doesn’t, the first mostgage people can make her stop doing this ,because we have had no trouble paying either , second mortgage just ...
Reverse Mortgage > Getting Started
Should Mom & Dad Get a Reverse Mortgage? Choosing the right financial option for your parents is a very personal decision, based on many factors.

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