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Regular Income With Reverse Mortgage

Regular Income With Reverse Mortgage

  • Mon Aug 19, 2013
  • Price : 100.00
  • Published on Aug 19, 2013
  • Outlook Money
  • Language - English
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In reverse mortgage, the exact opposite of a home loan happens. When you pledge your house, after arriving at its value, the lending institution keeps a margin and, depending on its rate of interest on the reverse mortgage product, disburses you money according to the payment plan you choose. The product is meant for senior citizens who are asset-rich but cash poor.