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Downside To Reverse Mortgages 1. Reverse Mortgages have Higher Closing Costs vs Traditional Loans. In this case, let’s start with the downsides.Reverse mortgages can be expensive loans. With the government insured reverse mortgage (HUD HECM) borrowers have both upfront and annual renewal mortgage insurance premiums (MIP) to pay.
Home Buying, Home Selling, Mortgages, Real Estate. – I bought a house for my son, but now his wife is divorcing him and wants half of it. This woman says she tried to help her family with a big inheritance, but fears it has now backfired.
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