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2. Should You Get a Home Equity Conversion Mortgage (HECM)? - AOL

   www.aol.com/news/home-equity-conversion-mortgage...

   A HECM is a reverse mortgage through the Federal Housing Authority (FHA) that converts your home's equity into … Continue reading ->The post Should You Get a Home Equity Conversion Mortgage ...

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

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

   A reverse mortgage is a type of loan that allows homeowners ages 62 and older to borrow against their home’s equity for tax-free payments. The reverse mortgage lender makes these payments to the ...

4. Reverse mortgage requirements - AOL

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

   Ways to receive payments from a HECM reverse mortgage include: Line of credit: To access money this way, you’ll likely need to submit a written request to your loan servicer.

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. Mortgage - Wikipedia

   en.wikipedia.org/wiki/Mortgage

   Mortgage payments, which are typically made monthly, contain a repayment of the principal and an interest element. The amount going toward the principal in each payment varies throughout the term of the mortgage. In the early years the repayments are mostly interest. Towards the end of the mortgage, payments are mostly for principal.

7. Shared appreciation mortgage - Wikipedia

   en.wikipedia.org/wiki/Shared_appreciation_mortgage

   The Shared Appreciation Mortgage Action Group (SAMAG) was set up in 2009 by Hilary Messer, who was then head of litigation at RWP Solicitors (Richard Wilson Pangbourne [32]), based in Reading, Berkshire. Over 300 shared-appreciation mortgage customers paid £5,000 each, a total of £1.5m, towards legal fees for a class action.

8. Housing and Economic Recovery Act of 2008 - Wikipedia

   en.wikipedia.org/wiki/Housing_and_Economic...

   The United States Housing and Economic Recovery Act of 2008 (commonly referred to as HERA) was designed primarily to address the subprime mortgage crisis.It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders wrote down principal loan balances to 90 percent of current appraisal value.

9. What is a mortgage? A definitive guide for aspiring homeowners

   www.aol.com/finance/mortgage-definitive-guide...

   Mortgage insurance – Your monthly payment might also include a fee for private mortgage insurance (PMI). For a conventional loan, this type of insurance is required when a buyer makes a down ...