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Purchase your home with a Reverse Mortgage

By admin on April 18, 2011

Many senior homeowners have lived in their homes for a very long time, have no desire to move and have gotten reverse mortgages so that they can continue to live in their homes payment free for life while accessing their equity to help supply them with income or cash to meet their living needs. Still [...]

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Reverse Mortages Help Seniors Keep Their home Or Purchase A New Home

By admin on April 2, 2011

For many seniors, home equity is roughly 30-40 percent of their net worth. They are house poor often times and don’t have the available funds to make repairs. If you and your spouse are both at least 62 years of age and have significant equity in your home, a reverse mortgage can turn that equity [...]

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Understanding the Difference Between a Simple Purchase Loan and an Owner Builder Construction Loan

By admin on March 31, 2010

If an owner builder understands the differences between his construction loan and other, simpler types of mortgage financing, then he will be much better prepared when starting his planning and financing. Owner builder construction loans are a more complicated process than a standard mortgage to purchase or refinance a home. Therefore, they will require a [...]

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