How does a reverse mortgage work, and when is it appropriate for a homeowner to get one? Here is what you need to know. What is a Reverse Mortgage? In short, a reverse mortgage is a type of home loan secured by a primary residence, where repayment is deferred to a later date – generally […]
What is a Reverse Mortgage?
In short, a reverse mortgage is a type of home loan secured by a primary residence, where repayment is deferred to a later date – generally when the home sells. If you are 62 or older and you want money to pay off your mortgage, supplement your income, or pay for healthcare expenses, for example, […]
