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Hello Fluffy, A type of mortgage in which a homeowner can borrow money against the value of his or her home. No repayment of the mortgage (principal or interest) is required until the borrower dies or the home is sold. After accounting for the initial mortgage amount, the rate at which interest accrues, the length of the loan and rate of home price appreciation, the transaction is structured so that the loan amount will not exceed the value of the home over the life of the loan. Often, the lender will require that there can be no other liens against the home. Any existing liens must be paid off with the proceeds of the reverse mortgage. |
List of Gurus
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Heng Kim 2019-09-24 03:46:59Hi PrettyWoman, The job market is the market in which employers search for
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Anton Luyten 2019-09-11 10:12:45Hello Fluffy, A harami cross is a Japanese candlestick pattern that consists
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Chaoxiang Lee 2019-09-07 11:28:32Hi Maria, A caplet is a kind of call option based on interest rates. The
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Apinya Kamon 2019-09-04 01:56:33Hello ForexGuy, A false market occurs when prices are manipulated and impacted
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Tom Burke 2019-08-31 08:08:12
Hello LuckyWoman, The yearly probability of living is determined by consulting
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Jacob Rogers 2018 - 09 - 19Hi LuckyMan, Market capitalization refers to the total dollar market value of
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Talitha Taslim 2015 - 11 - 16Hello Andrew, Weighted average cost of capital (WACC) is a calculation of a
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Jacob Rogers 2018 - 11 - 28
Hi BobM, The one percent rule is a rule of thumb used to determine if the
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Talitha Taslim 2017 - 09 - 26
Hello ForexGuy, The intraday unpredictability of an exchange rate (or price of
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Apinya Kamon 2015 - 06 - 19
Hello BobM, An agreement to buy or sell a set amount of a commodity at a
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Heng Kim 2019 - 09 - 24
Hi PrettyWoman, The job market is the market in which employers search for
Read more -
Anton Luyten 2019 - 09 - 11
Hello Fluffy, A harami cross is a Japanese candlestick pattern that consists
Read more -
Chaoxiang Lee 2019 - 09 - 07
Hi Maria, A caplet is a kind of call option based on interest rates. The
Read more -
Apinya Kamon 2019 - 09 - 04
Hello ForexGuy, A false market occurs when prices are manipulated and impacted
Read more -
Tom Burke 2019 - 08 - 31
Hello LuckyWoman, The yearly probability of living is determined by consulting
Read more