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Mortgage Professor about information on reverse mortgage: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Can I Live Off My House?
November 19, 2001 "I am a recently-widowed 54-yar old with a house worth $1.1 million, a high-rate mortgage of $450,000, but not much income. I can only afford to pay $2,000 a month on principal and interest, plus taxes and insurance. I am prepared to use up my equity ... more... How Do I Get a Reverse Mortgage? July 21, 2003 ?I am running short of money and friends tell me that I should take a reverse mortgage, but the thought of a complicated transaction involving my house just terrifies me. It would help a lot if you would lay out the steps in 1, 2 3 form?? With a reverse ... more... |
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information on reverse mortgage related definitions |
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Variable Rate Mortgage
Variable Rate Mortgage The variable rate mortgage, affectionately know as Adjusatuble rate mortgage or ARM is a mortgage with a rate that will adjust over time. You may be familiar with the term three year ARM, or five-year ARM. ... more... Equal Credit Oportunity Act Equal Credit Oportunity Act (ECOA) Is a federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status or receipt of income from public assistance programs. ... more... |
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More about information on reverse mortgage Reverse Mortgages: Information You Need to Know Mortgage - Provides you the Best Deal Against Your Home Real Estate Professional in the Palm of Your Hand California Reverse Mortgages What Exactly Is A Reverse Mortgage And How Does It Work? Realtors - Self Promote Your Way To Success What is Tax-Deferred Exchange? Reverse Annuity Mortgage - Tapping Into Your Equity Reducing Debt Before It's Too Late - How to Avoid the Pitfalls of Creeping Debt Reverse Annuity Mortgage Tapping Into Your Equity
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