Principal

As you apply for a reverse mortgage, there will be various terms mentioned that you may be unfamiliar with. One such term you may see frequently is principal. All loans, regardless of the type, begin as principal. This is the amount that must be repaid to satisfy your loan. The principal is also one of the main components of your mortgage loan.

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Principal Limit

Line of credit reverse mortgages offer an...

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Proceeds

When you apply for a reverse mortgage, lenders must conduct...

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