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In the event the companion is not but really 62, they can not become an excellent co-borrower to your contrary home loan. Even though there is defenses positioned so your lover will not have to leave your house for people who die ahead of them, they are going to not any longer have the ability to assemble money from the newest HECM. This might be a challenge if for example the companion counts with this money in order to survive. (suite…)
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