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May 02, 2007
How to Know if a Reverse Mortgage Is Your Best
Elderly people who live in their home are sitting on equity but getting nothing from it. With a reverse mortgage is exactly as the name suggests: the opposite of a mortgage! Where the bank will usually buy the home and you are buying it back from them, with reverse mortgages you own your home and the bank is buying it back from you. Sounds a bit strange at first, but it is an honest and upfront process thousands of retired home owners choose every
From How to Know if a Reverse Mortgage Is Your Best
Posted by Bob at May 2, 2007 04:51 PM
