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Keep in mind, an exclusive reverse mortgage is not backed by the federal government and also, for that reason, will not have the same protections for customers. Single-purpose finance is the least pricey alternative, yet it differs from fundamental HECM finances because it can just be used for a single, lender-approved reason. For example, the lending institution could state that you can just use the funding for home fixings, real estate tax or insurance coverage premiums. http://remingtonsgzy708.huicopper.com/if-i-have-a-reverse-mortgage-will-my-kids-or-heirs-have-the-ability-to-keep-my-residence-after-i-pass-away |
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