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Company Loan Type APR Est. Pmt.

reverse mortgage

Posted on: 03rd Aug, 2009 04:18 pm
my grandma has a reverse mortgage which she gets no monthly payments on and they say she will end up owing them 500,000. can a refinance be done to pay the reverse morgage off now?
You must have equity to refinance. Also, if she is not taking monthly payments from the bank, then how can she owe them all of that money? Did she take it as a lump sum?
Posted on: 03rd Aug, 2009 05:14 pm
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