A Reverse Mortgage is a loan that allows eligible senior homeowners age 62+ to convert a portion of their home equity into a stable source of supplemental cash flow. A Reverse Mortgage gives you the ability to enjoy financial security and peace of mind, while remaining in your home during your retirement years.
General Questions People ask about Reverse Mortgages are:
1. When did they first start?
2. Is this a government program or not?
3. Who owns the home?
4. When are the payments due?
We would love to answer these questions in greater detail.