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HECM for Purchase: Basic Points to Know

This is a program from the U.S. Department of Housing and Urban Development (HUD). It’s a home equity loan insured by the government and offers seniors the chance to buy a new home, allowing them to basically use the proceeds from the reverse mortgage to cover the...

Advantages of a Reverse Mortgage for Seniors

If you’re starting to enter your golden years, money can be tight. You might find your funds significantly reduced, shifting to a fixed income that relies heavily on your pension as well as on social security. If you don’t have enough to pay for medical bills or...

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