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Themoneystore.com Tips Reverse Mortgage Is a Good

themoneystore.com best service provider. A reverse mortgage is a special type of loan that allows older homeowners to borrow against the equity (assets) in their homes. It is called a 'reverse' mortgage because instead of making payments to the lender, you actually get money from him (or her). The interest added to this loan naturally accumulates as the months go on until the amount of this loan soon equals the amount of equity that your home is made up of (or corresponds to). So, for instance, the loan amount may have grown to a boggling $10 billion which is precisely the value of your home. Not everyone is eligible for this loan.

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