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Remember, a proprietary reverse home loan is not backed by the federal government and, as a result, will certainly not have the exact same protections for borrowers. Single-purpose finance is the least pricey choice, yet it varies from standard HECM loans in that it can just be used for a solitary, lender-approved reason. For instance, the lending institution may say that you can only use the financing for house fixings, real estate tax or insurance coverage premiums. https://diigo.com/0njabx |
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