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Last updated on 6th Sep 2013
It’s important to understand that reverse mortgage solutions in Portland Oregon are standalone solutions. In other words, you can’t have both a reverse mortgage and a traditional mortgage on your home at the same time. The reverse mortgage must be the only lien on the home. If you already have a traditional mortgage on your home, you may qualify to pay it off using reverse mortgage loan proceeds. You also have the option of paying off the traditional mortgage yourself before seeking a reverse mortgage.
6th September 2013 @ 11:08