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If you’re caught off guard by the additional costs of your reverse mortgage, there is an option — but it’s expensive. If you’re unhappy with a reverse mortgage, you do have some options.
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UPDATED: Texas-based mortgage lender hiring about 50 laid-off Live Well Financial employees including three top executives – That is exciting.” Open Mortgage also has been growing its reverse mortgage business in recent years and wants to become an even bigger player by adding the Live Well Financial employees, he said..
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Reverse mortgage – Wikipedia – A reverse mortgage is a mortgage loan, usually secured over a residential property, that enables the borrower to access the unencumbered value of the property. The loans are typically promoted to older homeowners and typically do not require monthly mortgage payments. Borrowers are still responsible for property taxes and homeowner’s insurance.
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