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  • What is a reverse mortgage?
    Replied April 10, 2009
    It is a rising debt decreasing equity mortgage for persons over 62. Commonly insured by FHA, it involves no monthly payment and the deferred interest accrues to the balance. The... See more
    Reply 3 replies
  • Re: Reverse Mortgage
    Replied April 10, 2009
    The executor of the estate is responsible for resolving the affairs of the deceased. If there is equity in the home it can be sold, the mortgage satisfied and the remaining fund... See more
    Reply 8 replies
  • Can someone explain Reverse Mortgage Loans
    Replied April 10, 2009
    It is a rising debt decreasing equity mortgage for persons over 62. Commonly insured by FHA, it involves no monthly payment and the deferred interest accrues to the balance. The... See more
    Reply 5 replies

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