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For these reasons, it's very important to compare reverse mortgage lenders and be aware of their requirements and risks before applying for this type of loan. You say if there's a half-percent or a full percent difference between what you're paying now and what's on offer. But some consumer rights advocates claim there is another important issue that is often ignored. Mail fraud with your local post office.
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By all rights, i should have been a red flag. Sometimes a premium is required when the mortgage is assumed, then refunded when the note is paid off.