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The Difference between Regular and Reverse Mortgages

By
Real Estate Agent

Guest blogger Sarah Scrafford, provides us with a quick overview on the difference between regular and reverse mortgages.

Reverse Mortgage

Reverse mortgages are not the exact opposite of regular mortgages, even though the term literally implies that it is. This kind of mortgage is available only to people above 62 who own their home. Besides this distinction, there are other factors that differentiate between a reverse mortgage and a regular one...

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