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Tag Archive | "HECM reverse mortgage"

Reverse Mortgages: Some Potential Reverse Mortgage Problems

Reverse mortgages are forms of equity release. In the USA, they are available to homeowners aged 62 or over who are living in the property concerned as their principal residence.  They can borrow money using the equity on their home as collateral. There is generally no fixed period on the loan, which is repaid when […]

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Retired With a Mortgage and Cash to Spare?

If you are retired with a mortgage, and have the cash to spare to clear it, what are your options? Should you pay off the mortgage or can you use your cash in a better way? Here are some of the options open to you. We are assuming here you are paying tax on your […]

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