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Common Questions about Reverse Mortgages – Part 1
FHA has introduced their version of a reverse mortgage known as the Home Equity Conversion Mortgage (HECM). The goal of the plan is to help senior citizens maintain their financial independence. The...
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Common Questions about Reverse Mortgages – Part 2
In the first part of this series we discussed the uses of the HECM (reverse mortgage) and the basic qualifications for the loan (Common Questions about Reverse Mortgages – Part 1). We will continue...
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Common Questions about Reverse Mortgages – Part 3
In the first part of this series we discussed the uses of the HECM (reverse mortgage) and the basic qualifications for the loan (Common Questions about Reverse Mortgages – Part 1). In the second part...
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Common Questions about Reverse Mortgages – Part 4
In the first part of this series we discussed the uses of the HECM (reverse mortgage) and the basic qualifications for the loan (Common Questions about Reverse Mortgages – Part 1). In the second part...
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Using a Reverse Mortgage beyond Retirement
Some people are faced with a few financial burdens once they reach retirement. The loss of their regular income, along with an increase in medical expenses, typically puts a strain on even the most...
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Reverse Mortgage Myth – Will you Lose Your Home
As many Americans begin to enter their twilight years they are seeing the need for more monthly income. One tool that has made this possible is the reverse mortgage. Instead of making payments on a...
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