Q:

What is a reverse mortgage

Answer

Reverse mortgage- a homeowner, usually elderly, borrows money in the form of payments against the equity of the home.

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A reverse mortgage is a unique loan available to those 62 and older. It allows the homeowner to take part of the equity in MORE?

A grade of mortgage between prime and subprime. For another, there are two ways to count them.

Mar 27 2009, 09:00pm | Source: What exactly is a subprime mortgage? | www.bankrate.com

A mortgage that allows especially an elderly person to convert home equity into available funds through a line of credit,[more]

A Reverse Mortgage is a special type of home loan that lets a homeowner convert the equity in his or her home into cash...More?

Mar 08 2009, 04:45am | Source: Define Reverse Mortgages | www.residual-rewards.com
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