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Keep in mind, a proprietary reverse home loan is not backed by the federal government and, for that reason, will certainly not have the exact same securities for debtors. Single-purpose lending is the least costly alternative, yet it differs from basic HECM financings because it can just be utilized for a single, lender-approved reason. For instance, the lender might state that you can just use the financing for house repairs, real estate tax or insurance costs. http://rowandisr890.lowescouponn.com/5-kinds-of-home-loan-for-property-buyers |
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