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5 Reasons to Talk to a Loan Officer Before Buying. How do you begin one of the hardest decisions in your life? I’m talking about becoming a first-time homebuyer. There is an overload of information both online and when you ask friends or family how to start the home buying process.
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Reverse mortgage pros and cons for a proprietary mortgage are the same as a HECM loan with one exception. While you can borrow more money than you could with a HECM loan, the loan is not federally insured. Therefore, the lender may charge you higher fees to make up for the lack of federal insurance. · Pros and Cons of Reverse Mortgage.
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