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Alabama Reverse
Mortgage
Alabama Reverse Mortgage, the home owner pays nothing each month and all interest all interest is added to the property. A reverse mortgage enables older homeowners (62+) to convert part of the equity in their homes into tax-free income without having to sell the home, give up title, or take on a new monthly mortgage payment. The reverse mortgage is aptly named because the payment stream is ?reversed.? Instead of making monthly payments to a lender, as with a regular mortgage, a lender makes payments to you.
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