Névjegy:
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In the end, the majority of reverse mortgage loans are not paid back by the debtor. Rather, when the borrower moves or passes away, the consumer's beneficiaries market the residential or commercial property in order to pay off the lending. If you fail to pay real estate tax, for example, or maintain the home correctly insured, the funding servicer could advance offered finance profits from the reverse mortgage to cover these expenditures, Hicks says.
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