Exam (elaborations)
HECM REVERSE MORTGAGE: A LOAN AGAINST HOME EQUITY PROVIDING CASH AVANCES TO A BORROWER AND REQUIRING NO REPAYMENT UNTIL A FUTURE TIME
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HOME EQUITY HOME VALUE MINUS LIENS ON THE HOME PURPOSE OF A REVERSE MORTGAGE GENERATE CASH 00:40 01:15 FORWARD MORTGAGE PURPOSE THE ORDINARY MORTGAGE MOST PEOPLE USE TO PURCHASE HOME FORWARD MORTGAGE BORROWERS EQUITY INCREASES OVER TIME THE LOAN BALANCES DECREASES...
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