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While typically a reverse mortgage is done on a single-family detached residence, several other property types may be eligible. This little known fact can allow many more senior homeowners to reap the benefits of a reverse mortgage.The important thing to remember is that no matter what type of pr...
In a few words... Any Way You Want! However, let's explore the ways that the funds can be taken, since that impacts the cash available and thus spending choices. Lump Sum: The first choice is to take all the available funds at once. This is the option chosen when there the mortgage amount owed on...