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Can I Live Off My House?
November 19, 2001 "I am a recently-widowed 54-yar old with a house worth $1.1 million, a high-rate mortgage of $450,000, but not much income. I can only afford to pay $2,000 a month on principal and interest, plus taxes and insurance. I am prepared to use up my equity ... more... How Do I Get a Reverse Mortgage? July 21, 2003 ?I am running short of money and friends tell me that I should take a reverse mortgage, but the thought of a complicated transaction involving my house just terrifies me. It would help a lot if you would lay out the steps in 1, 2 3 form?? With a reverse ... more... |
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information on reverse mortgage related definitions |
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Variable Rate Mortgage
Variable Rate Mortgage The variable rate mortgage, affectionately know as Adjusatuble rate mortgage or ARM is a mortgage with a rate that will adjust over time. You may be familiar with the term three year ARM, or five-year ARM. ... more... Equal Credit Oportunity Act Equal Credit Oportunity Act (ECOA) Is a federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status or receipt of income from public assistance programs. ... more... |
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More about information on reverse mortgage Top 5 Ways to Work With a Mortgage Broker or Agent Mortgage Refinance Tips And Advice What is a Reverse Mortgage? Mortgage Loan Basics: Interest Only Loans, Pay Option ARM Increase Your Sales by Giving It Away Do Your Homework - Find the Mortgage That Fits Your Lifestyle and Your Budget Refinance Mortgage - The Most Effective Option For Consolidating Bills Creative Home Equity Strategies for Retirement Asset Searching for Recovery Actions - The Decision Maker's Tool Part 2 Before You Say No See 7 Reasons Why You Should 'Roll Your Own' Reverse Mortgage
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