A reverse mortgage is a type of home loan for seniors that works backward. Rather than making payments to your lender, you receive payments — sort of like an advance on your eventual home sale. If you ...
What is a reverse mortgage? A reverse mortgage is a home loan that allows people ages 62 and older to borrow against their home equity. A reverse mortgage is a type of home loan for older homeowners.
A reverse mortgage is a type of home loan for older homeowners. Unlike traditional mortgages, they don’t require homeowners to make monthly payments. Instead, the borrower receives payment from the ...