A mortgage borrower receives regular monthly payments from a financial institution rather than making monthly payments to

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A mortgage borrower receives regular monthly payments from a financial institution rather than making monthly payments to the financial institution.This is what type of mortgage instrument?

Posted Date: May 16, 2024 06:20 AM

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A mortgage borrower receives regular monthly payments from a financial institution rather than making monthly payments to

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The type of mortgage instrument you are describing is a reverse mortgage In a reverse mortgage the h... View the full answer

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