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[8 Nov 2010 | 7 Comments | 2,491 views]
Reverse mortgage — what is that thing?

Over the past few months, I’ve seen an increasing number of advertisements for reverse mortgages.
Those have been around for some time, but they appear to be gaining in popularity. What exactly are they?
John Moore of the Reverse Mortgage USA office in Springdale deals with those loans all day long. He was good enough to send over some information defining what reverse mortgages are and who might benefit from them.
In a nutshell, a reverse mortgage is insured by the Federal Housing Administration (FHA) and is available to homeowners who are at …