Reverse Mortgage Guide
When it comes to financing and refinancing your home, most people will do anything they can to try and make a little bit of extra money. One option that can help you make money when you’re over the age of sixty-two is a reverse mortgage. While regular mortgages require you to make monthly payments, a reverse mortgage does the opposite and allows you to draw non-taxable money from your lender and it usually doesn’t have to be repaid while you live in that house.
Here are the three different types of Reverse Mortgage Solutions.
- Single Purpose Reverse
- Proprietary Reverse Mortgages
- Home Equity Conversion