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Your Home Is Valuable
Let your home provide you the income you need for your retirement in Alabama. We are here to help you with your future.
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About Reverse Mortgages
During the processing of your reverse mortgage loan application an appraisal and inspection will be performed. That will help determine the current market value and equity in the home. This will be a basis for determining the monthly payment. As the Alabama real estate market changes only the lender is at risk. The homeowner always maintains the title and can never be removed from the home by the lender.
Consumer Safeguards
Your Alabama home is probably the greatest investment you have. The government understands that and as written laws to protect seniors over 62 who choose to purchase a reverse mortgage loan product. Extensive education and counseling is provided every step of the way to guarantee you make the best informed decision for your personal situation. When you close on a reverse mortgage you can feel security that you still own your home and that your Alabama home can never be take away from you by the lender.
-- Mortgage Rates by Bankrate.com --
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ByOwner Homes, For Sale By Owner
Current Mortgage Rates
Loan TypeRate+/-Last
30 yr fixed5.74%5.72%
15 yr fixed5.33%5.29%
5 / 1 ARM5.19%5.31%
30 yr fixed jumbo6.95%7.04%
5 / 1 jumbo ARM6.17%6.19%
-- RML TV --
Posted:
Fri, 09 May 2008

Title:
Understanding Reverse Mortgage Loan Fees
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