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ID:205130
Title:Rules for a reverse mortgage
URL:http://www.hmsafe.com/Reverse-Mortgage-Facts.asp
Category:My Business: Financial Services
Description:Senior homeowners who want to cash out equity with a reverse mortgage will have to play by new rules for a reverse mortgage when applying for a loan after the end of this month. Reverse mortgages allow homeowners 62 years or older to get a loan backed the equity in their home without having to make monthly payments on the loan and the lender doesn't get paid back until the house is sold.
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