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A reverse mortgage is a type of mortgage loan that’s secured against a residential property, that can give retirees added income, by giving them access to the unencumbered value of their.
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Reverse mortgage information for seniors – Quontic Bank – home equity conversion mortgage (hecm) is a Federal Housing Administration (FHA) reverse mortgage program. A home equity conversion mortgage offers a way for seniors to use the home equity they have accrued over the years to gain access to cash they can use for retirement or other purposes.
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