State of North Carolina Mortgage Lending – NCCOB – The following lenders are certified to offer Reverse Mortgage loans in North Carolina in accordance with N.C.G.S. 53-258(a).
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How to Find the Best Reverse Mortgage Lender | U.S. News – · With a single-purpose reverse mortgage, the lender restricts how you can use the money from a reverse mortgage. For example, a single-purpose reverse mortgage may only be used to pay off property taxes or to make home repairs. These reverse mortgages are typically the least expensive option, but they are limited in availability.
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State of North Carolina Mortgage Lending – NCCOB – Reverse Mortgage The following lenders are certified to offer Reverse Mortgage loans in North Carolina in accordance with N.C.G.S. 53-258(a). Reverse Mortgage Lenders
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It also offers more flexibility for borrowers to use a reverse mortgage to buy a home, as well as when a condominium property is involved.
2) Who offers Reverse Mortgage Loans? The major source of reverse mortgages has been the one insured by the Federal housing administration (fha) called the home equity conversion mortgage program (HECM). An HECM is the only reverse mortgage that’s insured by the federal government, and HECMs are only available through an FHA-approved lender.