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Used mainly in comparison with reverse mortgages, the term “forward mortgage” simply refers to a traditional mortgage loan. And while the names may imply that these two loans are opposites of each other, they do share some similarities. However, when it comes to reverse mortgages, there are a few distinct features for senior homeowners looking to improve their financial situation.
Learn more about the similarities and differences between forward and reverse mortgages in our latest video.
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