Reverse Mortgage Pros and Cons – Reverse. – Discovering the pros and cons of a reverse mortgage will help you learn about the advantages and disadvantages of this loan. Learn more with us today.
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Jumbo Reverse Mortgage and Proprietary Reverse Mortgage. – Jumbo reverse mortgages – also known as proprietary reverse mortgages – are loans designed and offered by financial institutions that enable owners of high-value homes to access greater amounts of their home equity than is available from the government insured HECM reverse mortgages.
The HECM is the most popular of the three types of reverse mortgages. In addition to FAQs, the rmf website lists pros and cons of reverse mortgages and a step-by-step description of the loan.
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