http://www.oregonmortgageblog.com/government-actions/fed-moves-the-discount-rate-should-you-care/ Portland Oregon Mortgage Broker James Adair Mon, 30 Aug 2010 20:37:40 +0000 hourly 1 http://wordpress.org/?v=3.0.1 http://www.oregonmortgageblog.com/government-actions/fed-moves-the-discount-rate-should-you-care/comment-page-1/#comment-23 Miky Sun, 07 Mar 2010 15:51:00 +0000 http://www.oregonmortgageblog.com/?p=793#comment-23 The reverse annuity mortgage is another concept that was suggested in the 1970s by advocates of reverse mortgages. Under a reverse annuity mortgage (RAM), equity in the home is used as security for a loan. An annuity is purchased with the loan proceeds and the borrower receives monthly annuity income, less mortgage interest. The borrower pays only interest on the loan repayment of the principal is deferred until the death of the owner, the sale of the property, or some prescribed date. The reverse annuity mortgage is another concept that was suggested in the 1970s by advocates of reverse mortgages. Under a reverse annuity mortgage (RAM), equity in the home is used as
security for a loan. An annuity is purchased with the loan proceeds and the borrower receives monthly annuity income, less mortgage interest. The borrower pays only interest on the loan repayment of the principal is deferred until the death of the owner, the sale of the property, or some prescribed date.

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