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When a senior has paid his usual mortgage, which is now in the form of the home equity, the reverse mortgages do it another way round. So a senior does not pay anything to the lender, but the lender will pay to him according to the schedule he has decided. 1. Who Can Qualify? The […]

There is a special product for this purpose called the reverse mortgage loan. It means simply, that a senior will borrow money against the equity of the home. The big idea is, that a senior will not pay back the reverse mortgage during the running time of the loan. 1. The Surprises From The Medical […]

It is becoming harder for the general public to be able to obtain loans, this is due to the credit crunch, lenders are a lot more wary about whom they will lend money to. It is even harder for people who have never borrowed money before as they have no credit history. Without a credit […]

With the state of the current financial market, banks and loan companies are more cautious about whom they will lend to. It is even more difficult for individuals who need short term cash but have a bad credit standing, however it is not impossible. If you have found yourself in this situation then a no […]

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Trying to obtain a loan when you have a poor credit score is becoming more and more difficult, Lending institutions are being a lot more vigilant about who they will lend to since the credit crunch. Even though this is more apparent there are options for people who are finding themselves in this situation. One […]

With the current credit crunch it can be difficult for a lot of people to manage their money. Sometimes when you have been managing to keep on top of your bills, you only need one unexpected bill to come in and topple the balance you had. It can be even more difficult when this happens […]