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Tag Archives: mortagage

Pluses and Minuses of Reverse Mortgage Application

If you are wondering if a special retirement loan can help you, it might. Known as a reverse mortgage, it is a mortgage unlike a traditional home loan. Traditionally, you receive a short-term mortgage that needs to be repaid in incremental amounts. A reverse mortgage is designed to provide a more long-lasting solution to financial concerns during retirement. Before you fill out an application, here are some pluses and minuses to think about. Receiving Money Instead of Paying It One of the