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2. Home equity loan or HELOC vs. reverse mortgage: Which is ...

   www.aol.com/finance/home-equity-loan-heloc-vs...

   (A small number of lenders offer private reverse mortgage options to those as young as age 55.) Additionally, the home you are borrowing against must be your primary residence.

3. Reverse mortgage: What it is and how it works - AOL

   www.aol.com/finance/reverse-mortgage-works...

   The biggest difference between a reverse mortgage and a regular mortgage is the purpose of the loan: Borrowers take out regular mortgages to buy homes, then repay those funds to the mortgage ...

4. What is a reverse mortgage? How it works, who it’s best for ...

   www.aol.com/finance/what-is-a-reverse-mortgage...

   However, you should carefully consider your long-term financial goals and how a reverse mortgage might affect your estate plans and heirs before going down this route. Dig deeper: 6 ways to get ...

5. Reverse mortgage - Wikipedia

   en.wikipedia.org/wiki/Reverse_mortgage

   A reverse mortgage is a mortgage loan, usually secured by 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 or homeowner's insurance ...

6. 5 Must-Know Facts About Reverse Mortgages - AOL

   www.aol.com/news/2013-06-06-reverse-mortgages...

   Here are five facts that are essential to know for anyone considering a reverse mortgage. Fact 1: Reverse Mortgages Have Different Payout Options. Reverse mortgages offer a variety of different ...

7. Interest-only loan - Wikipedia

   en.wikipedia.org/wiki/Interest-only_loan

   In the United States, a five- or ten-year interest-only period is typical.After this time, the principal balance is amortized for the remaining term. In other words, if a borrower had a thirty-year mortgage loan and the first ten years were interest only, at the end of the first ten years, the principal balance would be amortized for the remaining period of twenty years.