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Understanding Reverse Mortgages for Seniors in Reno Nevada and Northern Nevada

 
 
 
 
 
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A reverse mortgage is a special type of real estate loan that is available only to seniors to convert a portion of the equity in their home to cash. They were created by the Department of Housing and Urban Development (HUD) to provide seniors with the required financial security to help them enjoy life more fully. They are called reverse mortgages because the payment stream is reversed. Instead of the borrower making payments, they receive payments.

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07/07/2009

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