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Reverse Mortgage

This is a program that allows that people greater 62 years than have a property with equity or that have maintained the value, to refinance their house and to obtain  monthly income of the same one (as long as the house has equity). Therefore you will not have to make a monthly payment of your mortgage any more. The credit is not taken into consideration, neither the income nor if the property is in foreclosure. But it must not have the date of selling.

 

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Negative Items Removed in 2008

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