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Reverse Mortgage

Latest Posts

Bankrate: Reverse Mortgage Gives Borrowers ‘Purchasing Power’ 

Oct 29, 2014By

While tapping home equity through a reverse mortgage is one way to use the loan, another, less common use of reverse mortgages involves purchasing a new home, suggests consumer financial services company Bankrate. The home equity conversion mortgage (HECM) for Purchase program, introduced by the Federal Housing Administration (FHA) in 2009, has been little used, but […]