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What is a Reverse Mortgage?

What is a Reverse Mortgage?

The Definition of a Reverse Mortgage A “reverse mortgage” is a loan. This loan is like other home loans because homeowners can use the equity in their houses as collateral for the loan. This loan also allows the homeowners to keep the title to their...
What a Lien on a House Means

What a Lien on a House Means

A lien refers to a legal claim or right against a property. It provides security, allowing individuals or organizations to take property or other legal actions as a way of satisfying some debts. Usually, it is part of the public record, providing information about any...
The 3 Government-Insured Loans

The 3 Government-Insured Loans

Things can get a little confusing when applying for a mortgage. There are just so many different loan options, how are you supposed to know which is best for you? To top it off, sometimes people qualify for government-insured loans, which are a little different than...