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Forums » Work & Retirement » Retirement Planning » How is monthly payment calculated under a reverse mortgage?
How is monthly payment calculated under a reverse mortgage?
posted at November 7, 2013 6:49 PM EST
First: November 3, 2013
Last: November 7, 2013
|If you are due a lump sum of $25,000 from a reverse mortgage, but you decide to take it in monthly payments, how is the monthly payment amount determined?|