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Money can be used for acquire: If you're able to address the down payment and shutting expenditures, a reverse home loan may be used to obtain a new homeLoans can be found to borrowers with credit history as low as 640—Whilst borrowers with reduced credit score scores will likely be topic to origination service fees as large as 9% in the loan sum

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Tommy is a personal finance author at NerdWallet. He covers savvy investing and solutions to strategy for the prosperous economic upcoming. Go through a lot moreP. This item just isn't sponsored, endorsed, bought or promoted by SPDJI, Dow Jones, S&P, their respective affiliate marketers, and none of these types of parties make any representation re

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