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10-11-2020 |
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| buthirnp9y Hakkında Ek Bilgi |
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A single-purpose reverse home loan is provided by federal government companies at the state and local level, and by not-for-profit groups too. It's a kind of reverse home loan that puts rules and constraints on how you can use the cash from the loan. (So you can't invest it on an elegant vacation!) Typically, single-purpose reverse home mortgages can just be used to make real estate tax payments or pay for home repair work.
The important things to bear in mind is that the lending institution needs to authorize how the cash will be used prior to the loan is provided the OK. These loans aren't federally insured either, so lending institutions do not need to charge mortgage insurance premiums. However since the cash from a single-purpose reverse mortgage needs to be utilized in a specific method, they're normally much smaller in their quantity than HECM loans or proprietary reverse home mortgages. http://www.chimisal.it/index.php?option=com_k2&view=itemlist&task=user&id=1493127 |
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