Brendan Burgess
Founder
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Hi Branz
Are you saying that they had a sort of reverse mortgage?
The bank lent them €500 every month and so their mortgage increased by that amount plus interest.
There was no initial large loan given?
I have suggested that before but I understood that it was very difficult for the banks to do this.
Brendan
Are you saying that they had a sort of reverse mortgage?
The bank lent them €500 every month and so their mortgage increased by that amount plus interest.
There was no initial large loan given?
I have suggested that before but I understood that it was very difficult for the banks to do this.
Brendan