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If you need help or have questions give us a call. Loan officers in Nevada are waiting for your call.
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About Reverse Mortgages
If you are older than 62 you can choose to purchase a reverse mortgage loan product. The lender will pay you a tax-free income for life as long as you live in your Nevada home as your primary residence. At the time of repayment the lender will collect any outstanding loan payments plus interest. This repayment can never exceed the amount of equity left in the home. The lender is at risk not you.
Consumer Safeguards
In Nevada like anywhere in the United States reverse mortgage loans are safe and your rights are protected by the government. You will never give up your title and will always have a place to call home in Nevada. There are several steps in the process to make sure you are well educated and aware of the benefits and disadvantages before you begin the loan process. Education and financial counseling are the first two steps in the process.
-- 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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