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re: Parents considering Reverse Mortgage
Posted on 1/12/23 at 11:29 am to BestBanker
Posted on 1/12/23 at 11:29 am to BestBanker
quote:
If you're parents can use the equity of their property, it's an option they can consider. This statement does not indicate intent of support or nonsupport by bestbanker. Information is the key to knowledge.
Will banks lend to retirees with basically just social security income?
Posted on 1/12/23 at 5:45 pm to lsu13lsu
quote:
Will banks lend to retirees with basically just social security income?
This depends, but the answer isn't just a no.
I'm not familiar if traditional banks create reverse mortgages. I'm thinking it's a reverse mortgage lender that would.
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