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The quantity that may be borrowed is dependent upon how a lot the house is value, how a lot you owe on it, and your age. A reverse mortgage can solely be accomplished on a major residence, not a trip residence. There are a number of forms of reverse mortgages. One is a Dwelling Fairness Conversion mortgage (HECM) product, which is insured by the FHA. There are additionally lender or privately insured mortgages, in addition…Read More