Who knows something about a reverse mortgage?

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I know they are a government insured loan but I need information from someone who has had one and how it worked out.

1 Comment
  1. Reply
    v b
    May 1, 2011 at 2:09 am

    These are very expensive loans.

    If your house was paid off and worth $ 200,000, would you agree to sell it to me for $ 100,000? No? Then why would you agree to do it if someone called it a reverse mortgage?

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