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User allachhhbf

Member for: 4 years (since May 11, 2021)
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Website: https://www.timesharetales.com/blog/can-timeshare-ruin-your-credit/
About: A reverse home mortgage is a type of home mortgage loan that's protected against a house that can give senior citizens included earnings by providing them access to the unencumbered worth of their residential or commercial properties. But there are disadvantages to this technique, such as significant costs and high-interest rates that can cannibalize a considerable part of a homeowner's equity.

While a reverse mortgage may be perfect for some circumstances, it is not always best for others. If you wish to leave your house to your children, having a reverse mortgage on the property might trigger issues if your successors do not have the funds needed to pay off the loan.

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