A reverse mortgage is a loan from the U.S. Government for 50% to 75% of the value of a home owned by a homeowner aged 62 and older. Instead of making monthly payments to a lender, as with a regular mortgage, a lender makes payments to the homeowner. The funds from a reverse mortgage are tax-free. The loan doesn't have to be repaid in the homeowner's lifetime, however, when the homeowner dies, the money received plus approximately 4% interest is repaid by their estate. The loan is repaid when the homeowner ceases to occupy the home as a principal residence, due to the homeowner (the last remaining spouse, in cases of couples) passing away, selling the home, or permanently moving out.
Greensboro North Carolina Home Equity Conversion Mortgage - Reverse Mortgage
State:
Multi-State
City:
Greensboro
Control #:
US-01685BG
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Word;
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Greensboro is also a burger- and biscuit-loving Southern city, and staples like pulled pork pop up in brunch hashes and mac-and-cheese tacos.
One of the top reasons to move to Greensboro is its vibrant and diverse culture. This city is home to a thriving arts scene, with numerous galleries, theaters, and music venues. From the Greensboro Symphony Orchestra to the Weatherspoon Art Museum, there's always something new and exciting to explore.
Gate City. By 1890, Greensboro became a railroad transportation center, a gateway to the West and the South.
(42.6%) The 5 largest ethnic groups in Greensboro, NC are Black or African American (Non-Hispanic) (42.6%), White (Non-Hispanic) (39.5%), Asian (Non-Hispanic) (5.34%), White (Hispanic) (4.03%), and Two+ (Non-Hispanic) (3.05%). Greensboro, NC | Data USA datausa.io ? profile ? geo ? greensboro-nc datausa.io ? profile ? geo ? greensboro-nc
Mayor Nancy Vaughan explained that ?greensboro, You're Welcome? is the tag line created by the Greensboro Convention and Visitors Bureau, which calls it ?branding.? But the real explanation seems to be that the slogan was written by a committee.