What is a Reverse Mortgage?
If you’re a senior homeowner, you might benefit from a reverse mortgage. Reverse mortgages allow eligible homeowners to use their home’s equity in order to receive a loan. Unlike a traditional mortgage, you won’t be required to pay back this loan over the course of several years and months. In fact, you may not even have to pay back your loan at all (in the traditional sense). The following will go into more detail about this financial move and how it can benefit someone like you.
Following are the details about the financial move and its benefit.
- Homeowners Must Meet Requirements
- How Much Is A Reverse Mortgage Worth?
- Is It The Right Move For You?