Get to Know the Pros and Cons of a Reverse Mortgage

Author: External Author | | Categories: Commercial Mortgage , FHA Jumbo Loan , FHA Streamline Refinance , Mortgage Broker , Mortgage Calculator , Mortgage Professional , Reverse Mortgage

FHA Streamline Refinance Middletown

There’s a good chance you’ve heard of a reverse mortgage. The idea behind it is simple—rather than getting a home loan and making payments to the lender, the lender makes payments to you. These payments can either be a lump sum or a monthly payment. Either way, you’re not required to repay the loan until you pass on or move out of the house.

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Original Article Source Credits:The Balance  , https://www.thebalance.com/

Article Written By : MIRANDA MARQUIT

Original Article Posted on :  June 01, 2020

Link to Original Article:  https://www.thebalance.com/reverse-mortgage-pros-and-cons-2388750

 



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