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WHAT IS 'MORTGAGE AND REVERSE MORTGAGE'?
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Answer Posted / priyank kaushik
the mortgage is a security for the loan that the lender
makes to the borrower. It is a transfer of an interest in
property to a lender as a security for a debt.
Reverse mortgage an arrangement in which a homeowner
borrows against the equity in his/her home and receives
regular monthly tax-free payments from the lender.
| Is This Answer Correct ? | 11 Yes | 3 No |
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