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Define Reverse Mortgage: What is Reverse Mortgage
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Topic: Define Reverse Mortgage: What is Reverse Mortgage (Read 706 times)
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Define Reverse Mortgage: What is Reverse Mortgage
«
on:
September 15, 2010, 03:31:48 PM »
A
reverse mortgage
is a specialized home loan that allows the home owner to exchange a bit of the equity in their house into hard cash. However unlike a conventional home equity loan or even a second mortgage, there are no repayments to make until the borrower stops using the home as their primary place of residence.
read more at
http://www.getthebestinfo.com/Article/Reverse-Mortgage-Explained/51981
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