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Friday, October 22, 2010

New Home

Guys, if you have a plan to buy a new home but you’re not sure your budget is enough, it is a solution to you that you just need to try mortgage. Indeed, less well known but a very viable alternative is the reverse mortgage. This loan is taken out on the security of your property but unlike a mortgage there are no payments for the duration of your time in the home. Interest accumulates and is payable either on your death, when the house is sold or on you voluntarily selling your home to move on for whatever reason.

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