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Reverse Mortgage vs. Second Mortgage
Sunday, September 7, 2008A common question about reverse home mortgages is if they are truly more useful than a second mortgage.
Some seniors who are intimidated by having to understand reverse mortgages wonder whether it would be simpler to get a home equity loan or a new mortgage that allows them to take some equity out of their home. The problem with this approach is that you now you have to begin paying traditional m...
Original article from http://www.blogsinrealestate.com/2008/09/07/reverse-mortgage-vs-second-mortgage/
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