Here's a good article and a short video clip on some mortgage options and considerations for "empty nesters" who are downsizing. I DO NOT ENDORSE Bank of America by the way, whose representative gives a brief description of basic mortgage types. Bank of America's stockholders or shareholders got completely HOSED. The financial analyst and The Money Coach, Lynette Khalfani-Cox, at the 2:15 mark in the video clip does give some good objective advise on other considerations for empty nesters who are downsizing or re-financing.
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