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Tag: Reverse Mortgages

The Complete Guide to Reverse Mortgage Interest Rates and Fees

Many people are concerned about the costs associated with a Reverse Mortgage, as well as the impact interest rates have on both how much can be borrowed now and the future balance owed. However, if you want or need equity from your home — either now or perhaps during an emergency,are not willing to relocate to a smaller home,don’t want to or are unable to face regular loan payments, andare comfortable reducing the size of your estate left to your heirs… … then the upfront costs of a Reverse Mortgage should not be a significant issue. Additionally, understanding how interest...

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