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Reverse Mortgage- why do one?
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mn_feeder
Posted 2/25/2021 12:41 (#8857479 - in reply to #8857468)
Subject: RE: Reverse Mortgage- why do one?


MN		the reason to not do a reverse mortgage is the higher fees and higher rates on the loan than say a traditional mortgage or HELC.

if you want to monetize the equity in your home, generally a reverse mortgage is one of the most expensive ways to go about it.
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