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In what ways may I receive money from a Home Keeper reverse mortgage?

April 26, 2017Home KEEPER money reverse mortgage

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In what ways may I receive money from a Home Keeper reverse mortgage?

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A. You may choose to receive money from a Home Keeper reverse mortgage in the same way you may receive funds from a HECM loan: as fixed monthly payments for life (i.e., for as long as the borrower occupies the home as his/her principal residence; as a line of credit with no growth; or a combination of monthly payments and line of credit).