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Reverse Mortgage Myth vs Reality
The goal of this class is to educate members about various mortgage loans and how they can be applied to your unique situation. Experts from OLLI Sponsor Tri Counties Bank will address Home Equity Conversion Mortgages (HECM) and other home mortgages, with an emphasis on dispelling myths surrounding reverse mortgages. Learn about current mortgage rates, loan terms, down payment requirements, mortgage insurance, and closing cost and fees of all kinds. Understanding the difference between various mortgage options can help put you in the driver's seat on your next home sale or purchase.