Reverse Annuity Mortgage (RAM) is a type of mortgage where the equity in the house serves as security or collateral for periodic payments made by the lender to the borrower. The mortgage is typically paid out upon the sale of the property.
Reverse Annuity Mortgage (RAM) is a type of mortgage where the equity in the house serves as security or collateral for periodic payments made by the lender to the borrower. The mortgage is typically paid out upon the sale of the property.
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