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FHA Mortgage

https://forwardmtg.com/ Forward Mortgage is a premier expert in residential home loans. You are about to discover valuable tips to help you make an informed decision about real estate and mortgage financing in New Jersey, Florida, North Carolina, or Pennsylvania.


We update our mortgage rates daily so are always able to see current interest rates.


Together we will review your credit, your income, your assets and your goals. No customer fits perfectly into a box, so we deliver custom solutions that help you move into your dream home sooner. Submit your information and we will evaluate it for free.


If a loan can be approved, we will find a way to get it done.


You may also receive a personalized quote of home interest rates, personalized for you, anytime – day or night. If you have any mortgage questions, we are happy to help.


If you are a senior homeowner, you may wonder if a reverse mortgage is right for you. A reverse mortgage allows homeowners to borrow against the equity in their home and receive payments from the lender. It can be a great way to supplement your income in retirement or unexpected cover costs. 

 

In this article, we will discuss what a reverse mortgage is and how to get one!

When you take out a reverse mortgage, the lender will give you a lump sum of cash, monthly payments, or both. You don't have to make any payments on the loan as long as you live in your home. However, when you die, sell your home, or move out, you or your estate will need to repay the loan. In addition, the amount you owe will be more than the amount of the loan because of interest and fees.

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