How will having a reverse mortgage be different than my regular mortgage that I have now?

I still have my traditional reverse mortgage to pay off. If I get a reverse mortgage, how will it be different for me than my mortgage that I already have?
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American Advisors Group | Phil Scott
A reverse mortgage has one very big difference from a traditional mortgage. Rather than the homeowner borrowing money and paying it back on a monthly basis, a reverse mortgage only requires one payment due at the end of the loan. As with traditional mortgages, interest and fees will be added to the amount borrowed, but these are not due to be paid until the end of the loan. Call us today to see if you qualify!

If you would like to receive our helpful DVD, which we will send to you for free, click on the link or call us on the number provided. The DVD features Former Senator Fred Thompson, and we will send it to you along with a brochure about how a reverse mortgage could help your circumstances.

Disclaimer: The response above is not intended to be anything other than the educated opinion of the author. It should not be relied upon as financial advice. America Advisors Group recommends speaking directly with an AAG Reverse Mortgage Professional regarding your specific situation and needs. Please call 1 (800) 466-0572 to receive AAG's information pack with a FREE DVD and Brochure featuring Former Senator Fred Thompson.
Replied: 4/5/2011

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