Consumers Ask Some Interesting Questions About Mortgages

Occasionally I like to play professor by writing about some of the more interesting questions I receive. The ones I have selected below are all interesting for different reasons.What is "Reversed" in a Reverse Mortgage?The reversal is in the typical pattern of loan balance change. On a standard mortgage, the balance usually is at its highest point when the loan is made, declining steadily thereafter until it reaches zero at the end of the term or when the balance is prepaid. On a reverse...

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