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2. Reverse mortgage - Wikipedia

   en.wikipedia.org/wiki/Reverse_mortgage

   A reverse mortgage is a mortgage loan, usually secured by a residential property, that enables the borrower to access the unencumbered value of the property. The loans are typically promoted to older homeowners and typically do not require monthly mortgage payments.

3. What is a reverse mortgage? How it works, who it’s best for ...

   www.aol.com/finance/what-is-a-reverse-mortgage...

   Learn who this home equity tool can benefit — and who should steer clear. ... She took out a reverse mortgage, using $150,000 of her $300,000 home equity. ... less expensive home could free up ...

4. Reverse mortgage: What it is and how it works - AOL

   www.aol.com/finance/reverse-mortgage-works...

   A reverse mortgage is a type of loan that allows homeowners ages 62 and older to borrow against their home’s equity for tax-free payments. The reverse mortgage lender makes these payments to the ...

5. Mortgage calculator - Wikipedia

   en.wikipedia.org/wiki/Mortgage_calculator

   Mortgage calculators are automated tools that enable users to determine the financial implications of changes in one or more variables in a mortgage financing arrangement. Mortgage calculators are used by consumers to determine monthly repayments, and by mortgage providers to determine the financial suitability of a home loan applicant. [ 2 ]

6. File:Sample-letters-for-creditors-and-mortgage-companies.pdf

   en.wikipedia.org/wiki/File:Sample-letters-for...

   sample-letters-for-creditors-and-mortgage-companies.doc: Software used: Preview: Conversion program: Mac OS X 10.13.6 Quartz PDFContext: Encrypted: no: Page size: 612 x 792 pts (letter) Version of PDF format: 1.3

7. Home equity loan - Wikipedia

   en.wikipedia.org/wiki/Home_equity_loan

   Both are usually referred to as second mortgages, because they are secured against the value of the property, just like a traditional mortgage. Home equity loans and lines of credit are usually, but not always, for a shorter term than first mortgages. Home equity loan can be used as a person's main mortgage in place of a traditional mortgage.

8. How do you pay back a reverse mortgage? - AOL

   www.aol.com/finance/pay-back-reverse-mortgage...

   If the borrower’s heirs want to keep the home, they can simply take out a new mortgage on the house to pay off the balance of the reverse mortgage. This is much like refinancing the loan as the ...

9. Reverse mortgage requirements - AOL

   www.aol.com/finance/reverse-mortgage...

   A reverse mortgage is not free money — interest and fees will be added to your mortgage balance each month. That means the amount you owe on your mortgage will go up.