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A reverse mortgage is a type of mortgage loan that's secured against a residential property, that can give retirees added income, by giving them access to the.
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Can I Refinance My Reverse Mortgage Reverse mortgage – Wikipedia – A reverse mortgage is a mortgage loan, usually secured over a residential property, that enables the borrower to access the unencumbered value of the property. The loans are typically promoted to older homeowners and typically do not require monthly mortgage payments. borrowers are still responsible for property taxes and homeowner’s insurance.Reverse mortgages allow elders to access the home.
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