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"Reverse Mortgage" is a type of mortgage in which a homeowner can borrow money against the value of the property. The mortgage loan does not require repayment until the borrower dies or the home is sold. It is called reverse because the lender pays the homeowner. Advantage:
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As low mortgage rates have driven a surge in refinances, lenders have seen their profits on mortgage underwriting skyrocket, according to the Mortgage Bankers Association. The surge has had an.