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Reverse Mortgages
A reverse mortgage is a loan that allows older homeowners to access the equity in their homes. Instead of making a mortgage payment to reduce your debt, you receive money and increase your debt.
What is a Reverse Mortgage?
What is a reverse mortgage? A reverse mortgage is a loan that allows older homeowners to access the equity in their homes. Instead of making a mortgage payment to reduce your debt, you receive money and increase your debt. This page answers the question: what is a reverse mortgage?
Payout Options – How Reverse Mortgages Work
Reverse mortgages pay you in a variety of ways. You can receive a lump-sum, periodic payments, a line of credit, or some type of combination.
Reverse Mortgage Eligibility
To qualify for a reverse mortgage, you have to satisfy certain conditions. This page discusses reverse mortgage eligibility and requirements.
Reverse Mortgage Fees - Costs for Reverse Mortgages
Like all loans, reverse mortgages have costs. This page covers basic reverse mortgage fees that you should expect to pay.