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high risk home loan lenders

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what is a mortgage used to purchase how much money for down payment Can I Use a Reverse Mortgage To Purchase a Second Home? – Can Reverse Mortgage Loan Proceeds Be Used to Buy a Second Home? A reverse mortgage loan allows homeowners 62 years and older to access the equity in their primary residence.. The Federal Housing administration (fha) insures reverse mortgage loans through its Home Equity Conversion Mortgage (HECM) program.

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