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Mortgage Professor about what is reverse mortgage: | |||||||||||||||||||||||
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... Which Reverse Mortgage Option Do I Choose? October 20, 2003 "I am 75 and plan to take out a Home Equity Conversion Mortgage. My problem is that I keep vacillating between the different options. One day I think I want the credit line and the next day I think I want something else. Can you help?" I can?t give you any specific ... more... |
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what is reverse mortgage related definitions |
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Adjustable Rate Mortgage, ARM
Adjustable Rate Mortgage (ARM) Also known as a variable rate mortgage. The interest rate on these mortgages changes periodically. Variable or adjustable loans are loans whose interest rate fluctuates over the period of the ... more... Second Mortgage, Home Equity Loan Second Mortgage, Home Equity Loan A secured loan (mortgage) that is subordinate to another loan against the same property. More specifically, the second loan in sequence. Generally, second mortgage hass a higher interest rate and with shorter terms than a ... more... |
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More about what is reverse mortgage Hassle-Free Homebuying Mortgage Glossary - A Glossary of Mortgage Terms You Should Know How To Turn Disadvantages Of A Reverse Mortgage To Your Advantage Do You Have to Be Aggressive to Make Sales? Home Equity Loan - A Reverse Mortgage Could Provide a Comfortable Retirement! Reverse Mortgage Loan for Dummies Reverse Mortgage Providing Peace of Mind Without Sacrificing Safety or Security Real Estate Professional in the Palm of Your Hand Home Equity Loan A Reverse Mortgage Could Provide a Comfortable Retirement! A Quick Look at Home Equity Line of Credit
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