How does a reverse mortgage work

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How does a reverse mortgage work

libertyreverse
How does a reverse mortgage work
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Re: How does a reverse mortgage work

Homer House
Reverse mortgage is for the senior citizens (above 62 years). In this case, lender offers the loan on a single go or pays a fix amount monthly. Home owner receives the amount till then he/she does't pass away or sell or reallocate somewhere else. Lender sells the home, recover the amount and rest amount goes to the owner or heirs.
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