Reverse  Mortgage

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What is a reverse mortgage?

 

By definition, a reverse mortgage is a mortgage loan that's secured over a residential property.  It enables the borrower to access the equity in their property.  Normally this appeals to an older demographic and doesn't typically require monthly payments.  Borrowers are still responsible for property taxes and insurance.

If you are interesting in learning more, check out this survey from our preferred reverse mortgage partner, TheReverseSurvey.  it only takes about 2 minutes to find out if a reverse mortgage loan is the right option for you.