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Receive tax-free income for life in Washington DC. We have reverse mortgage loan specialists in Washington DC ready to answer your call.
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About Reverse Mortgages
For seniors older than 62 year of age who have equity in their Washington DC homes, a reverse mortgage provides tax-free income. During the term of the loan the Washington DC homeowner never gives up their title and is never forced to sell the home. The lender makes payments to the homeowner and not the other way around. Even if the lender pays out more money than the amount of equity left in the home, it is at the lenders expense and the homeowner always maintains their rights.
Consumer Safeguards
The federal government has mandated by law protections for seniors who decide a reverse mortgage loan is right for them. The main goal of these safeguards is to guarantee that Washington DC seniors maintain their homeowner rights and that they will not lose their home. These protections are part of the FHA HECM reverse mortgage loan products. For proprietary products the government has put together a set of best practices.
-- Mortgage Rates by Bankrate.com --
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ByOwner Homes, For Sale By Owner
Current Mortgage Rates
Loan TypeRate+/-Last
30 yr fixed5.80%5.74%
15 yr fixed5.41%5.33%
5 / 1 ARM5.22%5.19%
30 yr fixed jumbo7.05%6.95%
5 / 1 jumbo ARM6.08%6.17%
-- RML TV --
Posted:
Fri, 09 May 2008

Title:
Understanding Reverse Mortgage Loan Fees
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