Reverse mortgage

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information about the misconceptions of reverse mortgages Reverse Mortgage, Business Savvy, Mortgage Calculator, Mortgage Loans, Home Equity, Financial Aid, Inception, 40 Years, Counseling

There are numerous misconceptions about reverse mortgages, largely in part since the reverse mortgage has evolved and improved drastically over the last 40 years from its inception. Today generally a reverse mortgage functions very similar to other residential mortgages. The key difference is the interest payment accrues. Tap the pin for a summary of these misconceptions, specifically, as it relates to what is referred to as the Home Equity Conversion Mortgage (HECM).

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