AgentMortgage

An end to property tax deferrals?

Some senior advocates fear other states will follow in Oregon's footsteps
Published on Feb 8, 2012

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by CareyBot

One common misperception of reverse mortgages is that prospective borrowers can qualify for an amount equal to the value of their home, or at least the Federal Housing Administration (FHA) loan limit.

The actual reverse mortgage amount is substantially less than both those numbers, ensuring that there will likely be sufficient equity left in the home when the loan comes due.

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