reverse mortgages: What is a Reverse Mortgage - 06/21/22 07:33 AM
Reverse MortgagesThis article will provide information about reverse mortgages from a Certified Reverse Mortgage Specialist, Richard Woodward. It will include what you need to do to qualify, when you must repay the loan, and what could trigger a foreclosure.
What is a reverse loan?Reverse mortgages allow older homeowners, 55 and older in some states and 62 and older in Texas, to borrow against their home’s equity.
These loans are special because of their unique nature.Reverse mortgages offer equity loans that are unique because they pay the borrower either in a lump sum or in monthly payments when refinancing or they allow home buyers to … (1 comments)