Reverse Mortgage Loan
Reverse Mortgage Loans
A reverse mortgage is a loan that enables senior homeowners to convert part of their home equity into tax-free income—without having to sell their home, give up title to it, or make monthly mortgage payments. The loan becomes due when the last borrower (s) permanently leaves the home.
A reverse mortgage is a loan that enables senior homeowners to convert part of their home equity into tax-free income—without having to sell their home, give up title to it, or make monthly mortgage payments. The loan becomes due when the last borrower (s) permanently leaves the home.
