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to meet any need! In many cases a reverse mortgage is the ideal tool for senior homeowners. But there is one big drawback with reverse mortgages: high upfront closing costs that can sometimes reach $20,000 or more. Combined with the regular interest that accrues on the loan balance, the upfront costs can make this an extremely expensive way to borrow. To spread these costs out and make
Cheap jerseys china the cost of borrowing reasonable, it is imperative that the borrower be confident in their ability to remain in the home for at least 5 7 years and, preferably, longer. Unfortunately, government data shows that most HECMs are paid off in seven years or less. So, while a reverse mortgage may be a good fit for seniors in many situations, it is always important to carefully explore alternatives to see if a more cost effective means to achieve your retirement financing goals is available. We discuss below seven alternatives for you to consider: Intra Family Loan Do you have a relative or friend with deep pockets and a good heart? An

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