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The Tenure Option
Under the Tenure Option, you may receive equal monthly income for as long as you occupy the home as your principal residence.
For example, if you want to stay in your home for the rest of your life and you want monthly income that can never run out no matter how long your home tenure continues, this option gives you that monthly income.
Remember, FHA insures both the lender and the homeowner against loss in this transaction. The lending institution won't loose because it's insured against loss, and if the homeowner lives 'forever' the monthly income is insured and continues 'forever'.
If you wish further information, or if you have any questions or comments, please call (800) 250-4959 toll free, or e-mail us by clicking Here. We will respond as soon as possible.
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